Myra LawrenceEnterprise PMO Manager| BB&TRaleigh, Nc, United States
I am trying to find out what the industry average is for percentage of Project Management hours needed for IT projects ranging from $5M - $20M. Does anyone have any information?
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Peter WrightProgramme Manager| BAE SystemsSouthport, Merseyside, United Kingdom
I expect you may get a few responses along the lines of "There is no "Standard" as each project will be different in it's content and therefore dleivery"
Also you have quoted Cost, the PM % needs to be based on total effort/activities as it could be £50M at £1M/day or £50M an d £1/day.
Here is my experience
In an efficient business which has not much red tape and a lot of flexibility in it's processes 10-12%
In a standard business which some red tape and a some flexibility in it's processes 12-17%
In a business which has alot of red tape, dotting every i/cross t etc and has little flexibility in it's processes 15-20%
I overlap the last two due to the fact that you can have a lot of Red tape and process but if the templates are easily to use and people take ownership then the red tape busienss MAY be able to be more efficient for the PM.
Regard
Peter
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Wayne MackRetired| RetiredSouth Riding, Va, United States
I would suggest that the percent of time is not so much based on the size of the project, but on the level of risk. A high risk project will require much more oversight than a low risk project. Saving Changes...
Bernard GorePortfolio, Programme & Project Professional| NZ PoliceWellington, New Zealand
Very hard to say as there are so many variables. A very basic rule of thumb is that projects require 10-25% of their total cost as PM cost - the higher end of that range is for either small or very complex projects, or those in an organisation that is less mature in its processes. For what you describe I'd reckon you should aim for the lower end of the range - around 10%. Saving Changes...
