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TJM PMO: Calculate the average daily rate for a freelance PMO
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18/8/2023
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TJM PMO: Calculate the average daily rate for a freelance PMO

Written by
Thibault Devise
The PMO job is complex and requires agility on the part of the employee. Discover all the facets of this job and the average salary or JTM.
Summary

 

Calculating the TJM of a PMO: Parameters to take into account

 

The PMO experience

Experience plays a key role in determining a PMO's TMR. Plus the candidate has extensive experience in project management and team coordination, the greater the value it can bring to a mission. An expert is in a position to solve complex problems, anticipate challenges, and ensure effective project management.

The consultant's level

The level of skill and expertise of a PMO consultant will also influence his TJM. The different levels such as junior, confirmed, senior or expert will have different rates, reflecting their level of responsibility and their ability to make strategic decisions.

The specificities of the mission

Each PMO mission can be unique with its own requirements and challenges. Some projects may require specialized skills or specialized expertise, which can influence the TJM. Complex or high-risk missions may also impact the TJM at the top because of the demand for specific skills.

The certifications

Professional certifications can be a major asset for a freelance PMO. Recognized certifications in the field of project management, such as PMP (Project Management Professional) or Prince2, demonstrate a high level of skill and knowledge, which may justify a higher rate.

The geographical location

Geographic location can also play a role in determining a PMO's TMR. Rates may vary depending on the cost of living in the region and the supply and demand for specific skills. Larger cities or areas with high demand for project management services may result in higher rates.

 

Average PMO GMs

The salary for a freelance PMO can vary greatly depending on a variety of factors. In general, we can estimate a range between 300 and 1000 euros per day, mainly depending on the specificities of the mission. The overall average is generally around 650 euros per day.

Rates vary according to the PMO's level of experience:

  • Junior: around 300 euros per day
  • Confirmed: around 400 euros per day
  • Senior: around 650 euros per day
  • Expert: around 800 euros per day

This equates to annual gross salaries ranging from around 40,000 euros for juniors to 100,000 euros for the most experienced PMOs.

 

What exactly is a PMO

To put it simply, a PMO, or Project Management Officer, is a project management professional. His main role is to coordinate and supervise the progress of a project by ensuring good communication between the client and the technical team. It plays a central role in the planning, organization, and execution of project tasks.

 

The missions of a PMO

The missions of a PMO are numerous and your role is crucial in the success of projects. It is a pillar that ensures the coordination and supervision of the entire project management process.

Plan and organize project tasks

His expertise in project management allows him to divide work into different tasks and to organize them logically and effectively. Key timelines and milestones must be put in place to ensure that the project progresses according to the established schedule. For example, you can use the tool monday.com.

Be the link between the customer and the technical team

The PMO is the central point of communication between the client and the team responsible for carrying out the project. He must be able to understand the needs and expectations of the customer and then transmit them clearly and consistently to the technical team.

Supervise and monitor progress

It is important to closely monitor the progress of the project and to ensure that each member of the team meets the deadlines and goals set. In the event of a deviation, it is necessary to quickly identify the problems and put in place corrective actions.

Managing risks

Risk management is an integral part of the mission. Anticipating possible obstacles or problems that may arise and providing contingency plans to minimize their impact on the project are necessary.

Optimize processes

As an expert in project management, it is necessary to identify opportunities for process improvement, and to propose areas for improvement.

Facilitate internal communication

Promoting fluid and transparent communication within the team, and encouraging the sharing of information and collaboration between the various members to ensure better coordination is a prerequisite.

 

Training and skills to become a PMO

To become a PMO, a Bac + 5 level training course is often necessary, with a specialization in marketing, digital or human resources. Some engineering schools also offer project management courses that can be very useful. Besides academic training, leadership, communication, and problem solving skills are essential to excel as a PMO.

If you recognize yourself in the characteristics mentioned above and what do you want find a mission as a PMO, you can register on our freelance platform.

 

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Author
Thibault Devise
Updated on:
4/9/2024
Content optimization, KPI analysis, and reporting are part of my daily missions.
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