I mentioned in the last post that one of our identified stop-work states was
The amount of time needed to get it working surpasses current resource availability (we need to pay someone OR the resources are risking jobs or clients to complete the work).
Why? As knowledge workers, our time is money.
Our brainpower is money.
Our ideas are money.
One way to estimate how much each hour is costing you is to use something like Payscale.
Now add taxes, holiday, health insurance, etc.
A good description of items that your employer spends on you over and above your salary can be found in this post from Aronson FedPoint. The context is federal government contracting – but you get the picture.
Your time is worth a lot of money.
So you need to decide – how much of my time (which is money) am I willing to spend on this project.
Good to define that up front.
Stick with it.
And realize you are worth it.