The time translation is dead on. Just a caveat. In my last job I used to give the actual time estimate and the PM was always frustrated because I was always estimating more that my colleagues. I am a literal person, which always gets me in trouble. So when I hear someone say I need 30 seconds I always reply that the time it'll take you to go back to your desk is already more than 30 seconds. Anyways, when I started giving the coded* time estimates it made everyone happy and I had more credibility with PMs.