Time management

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Time management is the process of planning and exercising control over the amount of time spent on specific activities - especially to increase the areas of effectiveness, efficiency or productivity.

Key processes of time management

Below are key processes of time management:[1][2]

- Set goals correctly

- Prioritize wisely. Carrying out activities centered around those priorities. Focusing on behaviors which will achieve the highest results towards achieving your goal

- Set time limits via scheduling. Block out time chunks via scheduling

- Delegate

- Take periodic breaks

- Organize yourself

- Remove non-essential tasks elimination/reduction of time spent on non-priorities

- Plan ahead

- Incentives/rewards to help modify behavior to ensure compliance with time sensitive deadlines.

- Concentration and focus. Minimize distractions in your environment.

Key skills related to time management

- Avoid procrastination

- Goal setting. Set short term and long term goals.

- Project management skills

- Recording of activities to track performance in terms of timeliness and key tasks

External links

  • Time management, Corporate Finance Institute
  • What is time management