How much do project managers charge per hour?

According to Salary.com, the average hourly rate for project manager consultants is between $59 to $74 per hour, with the median hourly wage being $66.00. On the freelancer site Upwork, the project manager hourly rate charged by consultants varies widely and is between $30 – $155 per hour.

What is a typical project management fee?

Project managers tend to charge either a flat rate or a percentage of the total project costs. … For projects from $0 – $500,000, the project management fee totals 5%. So, for a $100,000 project, you would expect to pay the project manager $5,000. As the cost of the project goes up, the percentage-based fee decreases.

How much should I charge as a freelance project manager?

The freelance project manager’s day rate ranged from $75 to $520.

How much do entry level project managers make?

An entry level project manager, earns around AU$83,000 a year. A senior project manager in his late career can earn as much as AU$128,000 in a year. The salary range also depends on the sector where the project manager will work.

What state pays project managers the most?

Our research found that Washington is the best state for project managers, while California and New Jersey are ranked highest in terms of median salary. Washington has a median salary of $96,622 and California has the highest median salary among all 50 states for project managers.

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How do you price a project?

To come up with a price, you’ll need to estimate the time and resources needed to complete the task, multiplying the number of hours you think the project will take by the rates of the individuals working on it.

How do you calculate cost estimate?

The goal of each cost estimation method is to estimate fixed and variable costs and to describe this estimate in the form of Y = f + vX. That is, Total mixed cost = Total fixed cost + (Unit variable cost × Number of units).

How do you estimate a job?

10 Steps for Accurate Construction Job Estimation

  1. Get a Precise and Detailed Scope of the Project. …
  2. Use Stick Estimating to Gauge Costs. …
  3. Become Familiar With Calculating Costs by Hand. …
  4. Use Unit Cost Estimating for Speed. …
  5. Incorporate Estimating Software Appropriately. …
  6. Calculate Costs for Labor and Materials.