You must have Admin Level - SuperUser access to add or edit time standards.
How to Add a Time Standard
Click Events & Competition > Time Standards Setup from the left navigation menu.
Click the Add New button and follow the below process for adding a new time standard.
Click Save Changes.
How to Edit a Time Standard
Click Events & Competition > Time Standards Setup from the left navigation menu.
Click the Time Standard to edit.
Select Edit times for XXX (course type).
Make your changes.
Click Save Changes.