January 2018
Intermediate to advanced
480 pages
33h 56m
English
Content preview from Project Management: Achieving Competitive Advantage, Fifth Edition
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Solved Problems
8.1 CALCULATING FULLY LOADED LABOR COSTS
Calculate the fully loaded cost of labor for the project team using the following data. What are the costs for the individual project team members? What is the fully loaded cost of labor?
Name |
Hours Needed |
Overhead Charge |
Personal Time Rate |
Hourly Rate |
Fully Loaded Labor Cost |
|---|---|---|---|---|---|
John |
40 |
1.80 |
1.12 |
$21/hr |
|
Bill |
40 |
1.80 |
1.12 |
$40/hr |
|
J.P. |
60 |
1.35 |
1.05 |
$10/hr |
|
Sonny |
25 |
1.80 |
1.12 |
$32/hr |
|
|
|||||
SOLUTION
We use the formula for calculating fully loaded costs, given as:
Applying each rate given above in turn, we fill in the fully loaded cost table ...
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