Daily rate (TJM)
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What is Daily rate (TJM)?
The daily rate (TJM in French) is the average cost or price of one working day for a person or profile, used to value project workload and compare internal staff with contractors.
Key points
In IT, the internal daily rate (fully loaded cost ÷ productive days) is distinguished from the rate billed by a contractor. Valuing allocations at the daily rate ties the capacity plan to the budget.
Formula
Internal daily rate = annual fully loaded cost ÷ annual productive days
Example
An annual loaded cost of €72,000 over 200 productive days gives a daily rate of €360.
Related terms
From definition to practice
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