It seems that there is never enough time during the day. But, since we all get 24 hours, why is it that some people achieve so much more with their time than others? The answer to this question can be attributed to Quality Time Management.
What is Time Management?
According to Wikipedia, Time management is the process of planning and excersising conscious control over the amount of time spent on specific activities especially to increase effectiveness, or productivity. That is to say the goal of time management is to efficiently maximize the overall benefit of a set of other activities within the boundary condition of a limited amount of time.
Quality time management on the other hand is the ability to manage your time such that you work smarter not harder. That way, more is accomplished in less time.
Time management is aided by a range of skills, tools, and techniques. There are also Time management strategies that are associated with the recommendation to set personal goals.
Benefits of Time Management
In Business Management, the following are techniques used to manage time.
A – Tasks that are perceived as being important and urgent.
B – Tasks that are important but not urgent.
C – Tasks that are unimportant, whether urgent or not.
Each group is then rank-ordered by priority.
P = Prioritize: your time and define your life by creating goals.
O = Organize: Things you have to accomplish regularly to be successful. Example is Family and Finances.
S = Streamline: Things you may not like to do, but must do. Example is work and chores.
E = Economize: Things you should do or may ever like to do, but are not so urgent. Example is Socializing.
C = Contribute: By paying attention to few remaining things that make a difference. Example is Social obligations.
The POSEC method dictates a template that emphasizes on average individual immediate sense of emotional and monetary security. It denotes the concept that by attending to one’s personal responsibility first, an individual is better poised to shoulder collective responsibilities.
Failure in managing our time leads to the following:
Below are some things you need to help you implement your goals.
In a nutshell, taking time to learn time management will help one increase their business productivity and function in various aspects of life efficiently.