What is time management? What relationship does this skill have to achieving one’s goal? Is time management an ability or skill? If an ability, is it inherent or learned? What, if any, components make up time management? What are the benefits of time management? What are the costs, if any?
What is time management?
If you look up the definition on Psychology Today’s website, time management is defined as the ability to plan and control how you spend the hours in your day to effectively accomplish your goals”. If you Google “what is time management”, one of the first definition that results is one from a Wikipedia entry. It defines time management is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. Time management is a very important skill that students of success should process in large measures.
Time management can also be referred to as time utilization, being productive, making efficient use of one’s time, and being efficacious. John C. Maxwell, takes a different twist to time management. He eloquently stated that “time management is an oxymoron. Time is beyond our control, and the clock keeps ticking regardless of how we lead our lives. Priority management is the answer to maximizing the time we have”.
Whether you call it time management, priority management or time utilization, skills involved in maximizing your time include planning for the future, setting goals, prioritizing tasks, and monitoring where your time actually goes
What are some of the benefits to effective time management?
One major benefit to time management is the ability to get much more accomplished with the limited amount of time allow due to being highly organized and focused. In an article published in Mindtools.com, several benefits results for effective time management. This includes:
- Greater productivity and efficiency;
- A better professional reputation;
- Less stress;
- Increased opportunities for advancement;
- Greater opportunities to achieve important life and career goals;
With effective time management skills, the student of success knows which activities or behaviors will lead to him/her to the desired destination and which will take him/her further way. With effective time management, the student of success knows what to focus on and which ones to ignore.
What are the costs of lacking effective time management?
The ability to manage ones time effectively could mean the difference in whether one accomplished his/her goal. Experts in human development assert that poor time management can be related to procrastination, as well as problems with self-control. Whenever procrastination is presence, delay, excusing making, blaming others and other negative qualities are in full force. In the same Mindtools.com article, failure to manage ones’ time effectively can have serious undesirable consequences like: “missed deadlines; inefficient work flow; poor work quality; a poor professional reputation and a stalled career; higher stress levels”. Thus, the article concludes that “spending a little time learning about [and mastering] time-management techniques will have huge benefits now – [and in the future].