Project Management Fees Pay

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How do you charge for project management fees on a project? Is there any rule of thumb to be used in charging the fees? Also, share your thoughts and the approach you use in your practice.

Thank you
Aug 6, 2020 in PMP by anonymous
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1 answer to this question.

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Project Manager costs are not usually tied to specific work packages but would span the project's lifetime at varying percentages. 

I've seen organizations that have used a flat rate allocation which varies based on the complexity of a project. 

For lower complexity ones, this could be as low as 5%, whereas it could explode for higher complexity projects. 

Alternately, you can look at the life-cycle which the team will follow and allocate a percentage based on the PM's involvement in each phase. 

answered Aug 6, 2020 by Kiron

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