Companies pay over the odds for project management, say project managers

Companies are paying too much for their project management contracts, according to project managers.

Companies are paying too much for their project management contracts, according to project managers.

When consultant PM3 Consulting questioned 500 project managers, 90% said they believed the margins charged to clients for consultants and project managers should be below 20%.

Steve Pragnell, PM3 CEO, said, "Companies should not have to face excessive charges for contractors. People in the industry are asking for a change.

"The industry is now populated by highly skilled and trained professionals, but it is essential that we provide real value for the money."

The survey also made it clear that consultants find it harder to work effectively if their clients think they are paying over the odds for their services.

More than half of respondents (51%) even suggested that the premiums charged on a contractor should be below 10%.




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