Time Valuer / Resources / Glossary / Cost of delay
Cost of delay
What it costs to finish something later than you could have, in lost value or time spent waiting.
Price your time, activities and goals.Free on iPhone. Private by design.
What it means
Delays cost twice: the team's time keeps running, and the value the work would have created arrives later.
Putting a number on a week of delay makes prioritising much easier.
Example
| Team of five, $307.69 an hour | 40 hours a week |
| One week of delay | $12,308 |
In Time Valuer
Price your team's hours in Time Valuer and a week of delay has a dollar figure before anyone agrees to it.
Related terms
Questions and answers
What is cost of delay?
What it costs to finish something later than you could have, in lost value or time spent waiting.
Know what every hour is worth. Download Time Valuer for iPhone.