According to one embodiment of the invention, a computerized method for
managing time standards includes receiving a set of work instructions associated
with the manufacturing of a part and receiving an association of each work instruction
of the set of work instructions with one or more of a plurality of time standard
templates. Each time standard template includes a task associated with the manufacturing
of the part at a task center, one or more variables associated with the task, one
or more variables associated with the task center, and an algorithm operable to
determine a time value associated with the task. The time value represents a time
period to complete the task. The computerized method further includes receiving
a change to one of the variables associated with the task, generating a plurality
of time standards associated with the work instructions, and storing the time standards
in a database.