Tools for labor cost estimation in international project teams

Sandra Ludynia-?ak () and Adam Fularski ()
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Sandra Ludynia-?ak: Doctoral School of Social Sciences, Jagiellonian University
Adam Fularski: Doctoral School of Social Sciences, Jagiellonian University

No 15316649, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: Estimating labour costs in international projects is crucial for effective resource management. Differences in salaries, economic conditions, legal regulations, exchange rates and cultural norms require the use of advanced and flexible tools. The aim of this article is to analyse the available methods and tools for estimating labour costs and to assess their effectiveness in the context of cross-border cooperation. The research was based on interviews with international project managers, which allowed us to identify practical challenges and needs related to improving the tools used. The results will be used to develop more precise solutions to support labour cost management in international project teams.

Keywords: AI; Building information modelling; Cost breakdown structure (CBS); Cultural differences; Exchange rate fluctuations; International project management; Labor cost estimation; Machine learning; Productivity variation; Risk breakdown structure (RBS) (search for similar items in EconPapers)
JEL-codes: D24 F23 J31 (search for similar items in EconPapers)
Pages: 18 pages
New Economics Papers: this item is included in nep-ppm
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Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Rome, Nov -0001, pages 23-40

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:15316649

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