Formula and example
How it is calculated
Cost = people × minutes / 60 × hourly cost per person
Worked example
Six people meeting for one hour at €35 per person-hour cost €210 and use six working hours.
Things to check
- The hourly cost is your own assumption. Include preparation and follow-up time in the duration if appropriate.
- Use one currency consistently. Examples use euros; the calculation works with any currency.