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Talk:Project Estimate: Difference between revisions
complete formula
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== Formula == | == Formula == | ||
Most service professionals simply take the hourly rate of a full-time employee and multiply that by a factor of 3 to arrive at a consulting rate. So, for example, if a DevOps Engineer would earn an average of $112,188/yr in Boston <ref>https://www.glassdoor.com/Salaries/boston-devops-engineer-salary-SRCH_IL.0,6_IM109_KO7,22.htm</ref> as a full-time employee, then a consulting rate would be | Most service professionals simply take the hourly rate of a full-time employee and multiply that by a factor of 3 to arrive at a consulting rate. So, for example, if a DevOps Engineer would earn an average of $112,188/yr in Boston <ref>https://www.glassdoor.com/Salaries/boston-devops-engineer-salary-SRCH_IL.0,6_IM109_KO7,22.htm</ref> as a full-time employee, then a consulting rate would be ( 112,188 / ( 52 weeks - 3 weeks paid vacation - 10 holidays ) * 40 hrs/week ) * 3 = 59 * 3 = $180/hr. | ||
Predictable projects are rare. But in the textbook example of a predictable project, with defined requirements and staffing needs, you might use a flat rate card (where you will see separate rates for each role in the project) like illustrated at the hubspot article [https://blog.hubspot.com/agency/calculate-agencys-fee-structure How to Calculate Your Agency Fees Structure] | Predictable projects are rare. But in the textbook example of a predictable project, with defined requirements and staffing needs, you might use a flat rate card (where you will see separate rates for each role in the project) like illustrated at the hubspot article [https://blog.hubspot.com/agency/calculate-agencys-fee-structure How to Calculate Your Agency Fees Structure] | ||