diff --git a/components/ws-manager/pkg/manager/metrics.go b/components/ws-manager/pkg/manager/metrics.go
index 6de8bd97b26dfc..0d430ef57c11a7 100644
--- a/components/ws-manager/pkg/manager/metrics.go
+++ b/components/ws-manager/pkg/manager/metrics.go
@@ -38,6 +38,8 @@ type metrics struct {
 	manager *Manager
 
 	startupTimeHistVec    *prometheus.HistogramVec
+	initializeTimeHistVec *prometheus.HistogramVec
+	finalizeTimeHistVec   *prometheus.HistogramVec
 	totalStartsCounterVec *prometheus.CounterVec
 	totalStopsCounterVec  *prometheus.CounterVec
 	totalOpenPortGauge    prometheus.GaugeFunc
@@ -58,6 +60,20 @@ func newMetrics(m *Manager) *metrics {
 			// same as components/ws-manager-bridge/src/prometheus-metrics-exporter.ts#L15
 			Buckets: prometheus.ExponentialBuckets(2, 2, 10),
 		}, []string{"type"}),
+		initializeTimeHistVec: prometheus.NewHistogramVec(prometheus.HistogramOpts{
+			Namespace: metricsNamespace,
+			Subsystem: metricsWorkspaceSubsystem,
+			Name:      "workspace_initialize_seconds",
+			Help:      "time it took to initialize workspace",
+			Buckets:   prometheus.ExponentialBuckets(2, 2, 10),
+		}, []string{"type"}),
+		finalizeTimeHistVec: prometheus.NewHistogramVec(prometheus.HistogramOpts{
+			Namespace: metricsNamespace,
+			Subsystem: metricsWorkspaceSubsystem,
+			Name:      "workspace_finalize_seconds",
+			Help:      "time it took to finalize workspace",
+			Buckets:   prometheus.ExponentialBuckets(2, 2, 10),
+		}, []string{"type"}),
 		totalStartsCounterVec: prometheus.NewCounterVec(prometheus.CounterOpts{
 			Namespace: metricsNamespace,
 			Subsystem: metricsWorkspaceSubsystem,
@@ -118,6 +134,8 @@ func newTotalOpenPortGaugeHandler(m *Manager) func() float64 {
 func (m *metrics) Register(reg prometheus.Registerer) error {
 	collectors := []prometheus.Collector{
 		m.startupTimeHistVec,
+		m.initializeTimeHistVec,
+		m.finalizeTimeHistVec,
 		newPhaseTotalVec(m.manager),
 		newWorkspaceActivityVec(m.manager),
 		newTimeoutSettingsVec(m.manager),
diff --git a/components/ws-manager/pkg/manager/monitor.go b/components/ws-manager/pkg/manager/monitor.go
index c2e0ee9ba59c56..9e5d80ba65f60e 100644
--- a/components/ws-manager/pkg/manager/monitor.go
+++ b/components/ws-manager/pkg/manager/monitor.go
@@ -734,7 +734,7 @@ func (m *Monitor) initializeWorkspaceContent(ctx context.Context, pod *corev1.Po
 		// we are already initialising
 		return nil
 	}
-
+	t := time.Now()
 	err = retryIfUnavailable(ctx, func(ctx context.Context) error {
 		_, err = snc.InitWorkspace(ctx, &wsdaemon.InitWorkspaceRequest{
 			Id: workspaceID,
@@ -755,6 +755,12 @@ func (m *Monitor) initializeWorkspaceContent(ctx context.Context, pod *corev1.Po
 	} else {
 		err = handleGRPCError(ctx, err)
 	}
+	wsType := pod.Labels[wsk8s.TypeLabel]
+	hist, errHist := m.manager.metrics.initializeTimeHistVec.GetMetricWithLabelValues(wsType)
+	if errHist != nil {
+		log.WithError(errHist).WithField("type", wsType).Warn("cannot get initialize time histogram metric")
+	}
+	hist.Observe(time.Since(t).Seconds())
 	if err != nil {
 		return xerrors.Errorf("cannot initialize workspace: %w", err)
 	}
@@ -916,6 +922,7 @@ func (m *Monitor) finalizeWorkspaceContent(ctx context.Context, wso *workspaceOb
 		backupError error
 		gitStatus   *csapi.GitStatus
 	)
+	t := time.Now()
 	for i := 0; i < wsdaemonMaxAttempts; i++ {
 		span.LogKV("attempt", i)
 		didSometing, gs, err := doFinalize()
@@ -959,6 +966,12 @@ func (m *Monitor) finalizeWorkspaceContent(ctx context.Context, wso *workspaceOb
 		}
 		break
 	}
+	wsType := api.WorkspaceType_name[int32(tpe)]
+	hist, err := m.manager.metrics.finalizeTimeHistVec.GetMetricWithLabelValues(wsType)
+	if err != nil {
+		log.WithError(err).WithField("type", wsType).Warn("cannot get finalize time histogram metric")
+	}
+	hist.Observe(time.Since(t).Seconds())
 
 	disposalStatus = &workspaceDisposalStatus{
 		BackupComplete: true,