transformation-leadersHow do I cost a project?

NOT by starting at ‘daily rates’

Daily and hourly rates are for piece rate workers, infillers, accountants and

lawyers. Senior interims aim to deliver a ‘successful return on your investment’ in their transition leadership expertise, far

greater than their cost.

Wise clients start by identifying the goals of a project and their worth to the

organisation when successfully completed. After that it’s a question of agreeing with a chosen candidate as to

their own estimated cost and how long it is likely to take to achieve the agreed

deliverables.

You can then agree a daily rate in a timeframe, or a weekly/monthly

maximum, or whatever is mutually agreeable. You can also agree a

completion bonus on a successful achievement of goals if your board or organisation has an incentive culture.

Notice periods are always very short on both sides, for, if a project is not

working, (and since 2000 we have only seen one that didn’t) the client is

naturally interested in cutting off the cost quickly.

A top senior independent is also keen not to waste his or her time on a project

that for a totally unforeseen reason, makes the originally planned outcomes

not achievable.

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