Understanding Time Management

Understanding Time Management

Every individual on earth has the same amount of time - 60 seconds in a minute; 60
minutes in an hour; 1,440 minutes in a day; and 525,600 minutes in a year. While a
vast majority of people confesses faltering to come to grips with it, extremely few can
claim to have made the most of it. How is it that they have got it all done? It’s because
they have managed a way to figure out how to manage their time effectively.
Time Management is more than just managing time. It is about controlling the use of
the most valuable - and undervalued - resource. It is managing oneself in relation to
time. It is setting priorities and taking charge of the situation and time utilization. It
means changing those habits or activities that cause waste of time. It is being willing
to adopt habits and methods to make maximum use of time.
With good time management skills one is in control of one’s time, stress and energy
levels. One can maintain balance between one’s work and personal life. One finds
enough flexibility to respond to surprises or new opportunities. It is not how much time
one has, but rather the way one uses it. The bottom line is how well one manages time.
Internationally known authority on time management Dr. Alec Mackenzie in his book
The Time Trap argues that the very idea of time management is a misnomer because
one really cannot manage time in the way other resources can be managed: financial
capital, physical capital, human capital, information and time. While each of the first
four can be augmented, reduced, transferred or otherwise controlled, Time cannot be
manipulated. Dr. Mackenzie contends that when it comes to time, one can only manage
oneself in relation to it. One cannot control time as one can control other resources –
one can only control how one uses it. In the world in which we live, time cannot be
replaced or re-created. It is therefore not for us to choose whether we spend or save
time but to choose only how we spend it.