Standard time is the benchmark time for a task: the observed time, adjusted by a performance rating to a normal pace, plus allowances for fatigue, personal needs, and unavoidable delays. It is the output of a formal time study.
Standard times underpin capacity planning, labor costing, scheduling, line balancing, and incentive systems. They can be derived by stopwatch study, predetermined motion-time systems (e.g., MTM), or work sampling.