Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 6 · Rate Schedules and Pricing
The annual rate cycle
Lesson 63 of 198 · 1 min
Rates change at least annually — sometimes per contract, sometimes mid-year for promotions. The process to build for the client. Who proposes the new rates. Who approves them. Who enters them. When they become effective. And what happens to in-flight projects. That last one is the question nobody asks in advance. The in-flight project question. A project quoted at last year's rates may need to keep them. Project-level rate overrides are how that is handled. Design for it rather than discovering it — because discovering it means a client invoice at rates they did not agree to. Bill rate versus cost rate timing. They often change at different times — salary increases in one month, client rate increases in another. Do not assume one cycle. ANNUAL RATE UPDATE — OWNER, DEADLINE. EVERY PPM CLIENT NEEDS THIS AND FEW HAVE IT WRITTEN DOWN.
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.