Intl Conference on Economics, Finance & Business, Rome

TOOLS FOR LABOR COST ESTIMATION IN INTERNATIONAL PROJECT TEAMS

SANDRA LUDYNIA-ŻAK, ADAM FULARSKI

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)

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