What is time management

Time Management

What is Time Management (TM)  Time management is the act or practice of managing and supervising time .

Why do we need TM?  To save time  To reduce stress  To function effectively  To increase our work output  To have more control on our lives

The process of Time Management starts with-  Costing your time  Making Activity logs  Planning  Prioritizing  Scheduling  Goal setting

Costing your time  Understand your true value by calculating your cost per year cost per year = (salary+taxes+office space+office equipment+profit you generate)  Calculate your hourly rate = cost per year / work hrs per year ….know where you stand.

Making Activity logs Help in  Making a realistic estimate of the time spent during the day  Pinpoints the critical areas- time spent on low value jobs  Finding the high yielding times of our day

Planning  Draw an Action Plan- A list of things that need to be done to achieve your Goal

Prioritizing  Make a To-Do list  Consider the value of the task before deciding to do it- Is it worth spending your time & your company resources  Prioritize your task- The most important jobs should be completed first followed by other jobs.

Scheduling  Make a realistic estimate of how much you can do  Plan to make the best use of the available time  Preserve some contingency time to deal with ‘unexpected jobs’  Minimize stress by avoiding over-commitment to yourself & others

Goal setting  Setting lifetime goals helps you to chart your life course & your career path  Break up your lifetime goals in smaller goals  Make a daily to-do list  Review and update your list on a daily basis & judge your performance

Achieve your goals! Be your own judge and your own motivator, make Time Management your tool for success.