1. A method for automatically estimating a translation time, the method comprising: receiving translation data including content to be translated; determining translation parameters based on the translation data, the translation parameters comprising a task time which provides a base time that is used for additional time to prepare for work in addition to actual translation itself, a band percentage that defines a recognized percentage of the content that has been previously translated, and a content type that defines a subject matter which is indicative of a complexity of the content; retrieving one or more pre-determined translation coefficients associated with at least one of the translation parameters, the estimated translation time calculated at least in part based on the one or more pre-determined translation coefficients; and executing a module by a processor, the module stored in memory, the executed module configured to calculate an estimated translation time for translating the content using the translation parameters and the one or more pre-determined translation coefficients.