Time management as the name suggests comprises of two words time and management which basically means the act of exercising cognizant control over the time spent on different activities to enhance efficiency .Time management involves the knowledge of specific skills and techniques for accomplishing one’s objectives. Planning, organizing, staffing, scheduling, delegating, prioritizing and controlling are the main activities.
Time Management is a process which occupies a vital position in managing time at home as well as in work place. In today’s scenario Time management is being admired by almost all the known organizations as it is becoming the need of the hour to manage time which is considered as key to increase productivity and finally to succeed both at domestic and commercial level.
Time management can be broadly categorized into three major areas: Project management, Attention management and Personal knowledge management.
Project management, basically deals with the planning, organizing and managing company’s resources keeping in mind preconceived constraints often faced by an organization.
Attention management involves tools that would support the management of attention at the individual or a group. Attention Management is related to the management of the time people allocate their mind.
Personal knowledge management involves a collection of processes that are required in identifying, storing, probing, and retrieving knowledge in one's personal daily activities. So, here it is clear that Time needs to be managed both for controlling our business and Personal acts.
Time management involves the usage of some techniques for assistance in business management.
It is a process of categorization of large data into groups. These groups are often marked A, B, and C according to the urgency and importance. Activities are ranked according to a particular criteria.
Each group is then rank-ordered in priority.
The 80-20-rule can also be applied to increase productivity: it is assumed that 80% of the productivity can be achieved by doing 20% of the tasks and vice-versa.
POSEC is an acronym for Prioritize by Organizing, Streamlining, Economizing and Contributing.
Thus, managing Time is one of the indispensable work, in fact duty of an individual to progress on the right path towards achieving one’s goals. Always remember,
Don't wait. The time will never be just right.