Use the calculator below to work out the real cost of not maintaining great documentation.
The monthly cost of time waste is based first on calculating the time wasted each month. In your case this is 20% of your teams working hours assuming 160 workable hours each month. This equates to 32 hrs.
Then it calculates the average hourly rate of your team. This is done by dividing your average salaries by 1,600 hours (a conservative estimate of total hours worked a year). This is then multiplied by your technical staff head count and 15% is added as a fully burdened cost. This gives an hourly rate of $216.
The monthly cost of time waste is this hourly rate multiplied by the time wasted above.
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