Estimating Cost of Labor Given Capital Budget

Estimating

Anonymous

I am trying to determine an industry standard/rule of thumb for estimating total labor cost on a "typical" IT project in the healthcare industry. I realize labor hours and the nature of IT projects vary greatly. However, I'm tasked with doing a SWAG on the cost of labor, given a project capital budget. For example, if capital costs (HW, SW) total $10M, what is a ballpark estimate for the related labor cost? Any info appreciated.

Posted: Jul 18, 2006 7:18 PM

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Estimating Cost of Labor Given Capital Budget

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