23-08-2012, 03:15 PM
AUSTRALIAN PROJECT MANAGEMENT FEE SURVEY AND RESULTS
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Executive Summary
The objective of the 1999/2000 Project Management Fee Survey is to provide the
Australian Institute of Project Management (hereafter AIPM) with an opportunity to
provide its' members with current market information on project management fee
structures in Australia.
The underlying purpose of this research was to continue the investigation into the
basis on which project managers in Australia charge for their services. Fundamental to
this purpose is the ongoing question of whether project managers are adequately
recompensed for their services, as the basis of the recompense is an indicator of the
evolution of project managers as professionals.
This question was addressed in 1999 with the publication by the AIPM of a learned
paper titled "Fee Structures in Australian Project Management". This paper
summarised the key findings from a thesis study into Australian project management
fees in which a deceptively simple matrix was produced to contain a complex set of
findings. This matrix formed the basis of an insert into the AIPM publication, which
was divided into two tables and is intended to be updated bi-annually.
Based on the research undertaken in 1999/2000, the first table linking a project
managers' seniority, competency and fees was reviewed. The second table lists key
project management knowledge areas and the associated responsibilities required of a
project manager.
Research Methodology1
In 1997/98 a detailed survey of Australian project managers was undertaken as the
basis of a thesis on project management fees. Using key sections from the thesis, a
booklet was produced in June 1999 for the AIPM, with an introductory article
appearing in the June 1999 issue of the "Australian Project Manager". This topic was
also presented at an AIPM seminar on 23 June 1999 and at the IRNOP Conference in
Sydney on 5 January 2000.
To update the 1997/98 research on Australian project management fee structures, a
second survey was sent to delegates attending the AIPM National conference in
October 1999. Refer to Appendix A. This survey included similar quantitative and
qualitative questions as the 1997/98 survey and extended the depth of questions based
on feedback from the initial survey.
Of the 250 surveys despatched, 16 were completed which did not provide the
minimum return for a valid survey base. To secure more responses a proposal was
submitted to the AIPM on 31 May 2000. Refer to Appendix B.
The proposal outlined a four phase approach which was developed to sequentially
increase the level of information gathered and understanding of fees in the project
management industry in Australia and overseas and the relative value of these fees
when benchmarked against other similar professions.