Project consultants bring operational, strategic, or technical experience to projects. They collaborate with customers to determine project parameters, develop project plans in line with business objectives, and assign tasks and resources to the project.
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How long does it take to complete a project with a consulting organization?
A consulting project usually takes 1 to 6 months, depending on the complexity of the issues being addressed. A fairly typical engagement team at McKinsey consisted of 1 partner type person, 1 engagement manager, and 2 or 3 associates or business analysts.
How do you calculate consulting costs?
Determine your hourly rate based on your experience and industry standards. If you just started a consulting business, the best way to determine your rate is to divide your previous salary by 52 work weeks and then divide that number by 40 (the number of hours you work in a week).
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