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.