Matt,
Just watched your video and first thanks for the inclusion of our (Duke and myself) lakester in the vid, but next I think that I can help you with your "time management" problem. Pretty simple, 18 hours a day, 7 days a week and when the first Elmo event happens you will be about 1/2 done. I have worked on a very large number of fairly sophisticated mechanical projects ranging from extremely large CNC machine tools to a number of ground up race cars and one thing that I have found is that there is no such thing as a "five minute job". Everything takes at least, as you alluded to, three times longer than you think. And as the project comes closer to being finished more "five minute jobs" appear at which time you start to figure out which of your great ideas you really don't need to do just to make the race. One of the things that happens with projects like this is that you get a lot of the big pieces 90% done and then you bolt them together and it really looks like you have made great progress, don't believe it! So much to do but so little time!
Your engine choice is pretty interesting, a "stock" BMW R1000 is rated at around 220 hp so at best you may get 100 hp out of two cylinders which is probably 20-25 hp down from what can be made with a 500 cc motorcycle 4 cylinder. Not sure that I would want to turn a two cylinder BMW to 14000 rpm, make sure you have good motor mounts.
Really looking forward to watching your progress.
Rex