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Project Cost & Manhour Calculation

2 replies [Last post]
Arun Vasanth
User offline. Last seen 10 weeks 5 days ago. Offline
Joined: 12 Oct 2009
Posts: 200
Groups: GPC Qatar

Dear Friends

 

Today I got a new thumb rule from my manager

That is 22% of the project cost is the Budgeted manhour.

Is this statement is correct .Please help me my dear friends...

 

 

Regards

Arun Vasanth

Replies

Sunil Babu
User offline. Last seen 14 weeks 15 hours ago. Offline
Joined: 8 Nov 2010
Posts: 156

Hi Vasanth,

Some times it depends on the High,low and medium Production rates.

That figure may be varying depends on the projects and the country wise..

Regads

Sunil.

Forest Peterson
User offline. Last seen 3 years 22 weeks ago. Offline
Joined: 22 Mar 2011
Posts: 33

Some attributes about the project type - building/civil, structures/earthwork, design-build/unitCost, project type, selfPerformed/constructionManaged, union/non-union, other attributes you think of. The general answer without project attributes, from historical data gathered in Western North America: High 40%, Low 20%, average 30%, standard deviation 5%, sample size 100 projects.