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  2. Man-hour - Wikipedia

    en.wikipedia.org/wiki/Man-hour

    A man-hour or human-hour is the amount of work performed by the average worker in one hour. [1] [2] It is used for estimation of the total amount of uninterrupted labor required to perform a task. For example, researching and writing a college paper might require eighty man-hours, while preparing a family banquet from scratch might require ten ...

  3. Standard time (manufacturing) - Wikipedia

    en.wikipedia.org/wiki/Standard_time_(manufacturing)

    The Standard Time is the product of three factors: Observed time: The time measured to complete the task. Performance rating factor: The number pace the person is working at. 90% is working slower than normal, 110% is working faster than normal, 100% is normal.

  4. Glossary of construction cost estimating - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_construction...

    Man-hour rate = man-hours required for work / completed work quantity. Example: Excavation 0.125 mh/cy. The man-hour rate is related to the inverse of the production rate times the number of workers in the crew performing the work. Example: Excavation at 8 cy/day (8-hour day) with 2-man crew = 2 x 8 / 8 = 2 man-hours/cy. See also Production rate.

  5. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    This format is illustrated in the handwritten spreadsheet sample. For labor, the estimator should, "Determine basic production rates and multiply them by the units of work to determine total hours for the work." [28] and then multiply the hours by the per hour average labor cost. [29]

  6. Timesheet - Wikipedia

    en.wikipedia.org/wiki/Timesheet

    Contemporary time sheet. A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job. Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet. The time cards stamped by time clocks can serve as a timesheet or provide the data to ...

  7. Overall labor effectiveness - Wikipedia

    en.wikipedia.org/wiki/Overall_Labor_Effectiveness

    Calculation: Availability = Time operators are working productively / Time scheduled Example: Two employees (workforce) are scheduled to work 8 hour (480 minutes) shifts. The normal shift includes a scheduled 30 minute break. The employees experience 60 minutes of unscheduled downtime. Scheduled Time = 960 min − 60 min break = 900 Min

  8. Basis of estimate - Wikipedia

    en.wikipedia.org/wiki/Basis_of_estimate

    To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and knowledge of using these basic level programs.

  9. How Many Work Hours Are In A Year? Convert Your Hourly ... - AOL

    www.aol.com/finance/many-hours-convert-hourly...

    When you have a job at which you are paid by the hour, it's helpful to figure out how much you'll make in a year. To do that, you need to know how many work hours there are in a year.