Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

looking at past projects for labor cost is not an option, how could you estimate or determine your labor cost? In addition, let us presume

looking at past projects for labor cost is not an option, how could you estimate or determine your labor cost? In addition, let us presume that this is an internal project within a company using the employees as the labor/project team. How would you go about determining your labor costs? Can you ask what everyone's annual salary is or better yet, can you go to HR to get their salary information? Would HR release this information to you? How do you overcome this obstacle

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Health Care Management

Authors: Sharon B. Buchbinder, Nancy H. Shanks

3rd Edition

128408101X, 9781284081015

Students also viewed these General Management questions