Should I Hire a Project Manager and is it Good Value for Money?

Joining PMI® not only saves you money but provides access to valuable resources like the PMBOK® Guide, making exam preparation more manageable. Although obtaining the CAPM® certification involves costs, there are ways to manage expenses. Joining the Project Management Institute (PMI®) provides access to discounts and self-study options or scholarships, which can further reduce financial burdens.

Cost to build a restaurant

A project management consultant provides expert project management advice to external businesses. A company may hire a project management consultant if it lacks project management expertise or needs project management advice from an external, impartial party. AGS has reviewed multiple resources to bring you the most accurate information on the project manager’s hourly rate. This will also typically be done for smaller projects or as an add-on to flat fee contracts as a contingency for changes to the project that require more time than agreed upon.

References – Project Management

This demonstrates the strong earning potential for individuals beginning their project management careers. Investing in the CAPM® certification is an investment in your professional growth. It validates your project management knowledge and can open up new career opportunities. By planning for the costs, leveraging PMI® member benefits, and approaching the process with determination, you’re setting the stage for success in the project management field. Thankfully, we’ve spent time with enough project management tools to learn the market trends when it comes to pricing.

Project Management Consulting vs Project Management Resources: What’s the Difference?

However, having an experienced professional on board could actually offer great savings. In the last year, 70% of organisations faced project failures, with 50% failing to consistently meet project goals. However, regular engagement with project management consultants significantly reduces these failure rates. You’ll find that our standard fees are very competitive, with a mid-level consultant starting from around $125 per hour or $1,000 per day for a typical 8 hour day. Maximum fees for our Principal consultants average about $250 per hour or $1,800 per day. The benefits are clear, but how much does it cost to hire a project management consultant?

Once it’s paved, parking lot striping costs $500 to $1,200 on average for Technical Project Manager/Business Analyst job a medium sized lot with 30 to 50 stalls. Explore scholarships or grants that can help cover certification-related expenses. Many organizations provide funding opportunities for professionals to enhance their skills and career prospects.

• It will have a direct impact on the project schedule, quality, and scope.
• This gap will continue to increase project management consulting fees and contribute to the role of project manager being a very promising career path.
• Detached garages, on the other hand, offer more flexibility.
• Taking these factors into account, your project manager can provide guidance and ensure a well-planned and cost-effective office renovation or build-out.
• However, certifications in project management typically lead to a higher salary.
• As of 2025, the exam fee is $225 for PMI® members and $300 for non-members.

The project management fees percentage or flat rate fee that is charged does not typically include costs for project materials, software, or other budgetary needs. Rather, it’s the direct compensation to the project management consultant. Software engineering Whether you’re charging a project manager hourly rate or using a project management fee scale by percentage, you need to begin with an idea of the types of projects you plan to work on.