Exhibit 3 PM Expenditures Checklist

Exhibit 3 PM Expenditures Checklist
The average cost of PM services was 6%. This figure is the sum of the costs listed in Exhibit
3 divided by the final cost of their project. This result was actually higher than previously
reported by earlier sources [Archibald 67]. Exhibit 4 shows the result of twenty organizations
that provided the information. Eighty percent of the companies responding to this question
indicated that they spend less than 10% of total project cost for utilizing PM practices. It was
generally higher in EC companies: 9.3% vs. 2.0% for all other types of companies.