Time Management

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What is Time Management? Meaning.

Time Management (TM) involves the conscious control of the amount of time spent on tasks, activities, projects or inititiatives, in order to maximize efficiency.

As Eisenhower once put it, "Plans are nothing, but planning is everything".

TM involves analyzing how time is spent, and then prioritizing different work tasks. To be effective as a manager, you should be able to distinguish clearly between what tasks, activities, projects are important (and deserve to spend time on) and which ones are not.

Levels of Time Management

TM can be performed on an:

• INDIVIDUAL LEVEL (yourself, your colleagues, your employees);
• TEAM LEVEL (your project, department); and
• ORGANIZATIONAL LEVEL (division, country, firm, corporate).

The Eisenhower Matrix

Eisenhower said that to approach a full agenda and to determine priorities for issues and tasks at hand there are two dimensions to consider: URGENCY and IMPORTANCE. Putting these 2 dimensions on two axis results in 4 quadrants of issues and tasks:

1. Important and urgent. NOW! Get done with it right away.
2. Important but not urgent. SCHEDULE. Make an entry into your calendar.
3. Not important but urgent. QUICK FIX. Try to delegate as much as possible and reduce involvement.
4. Not important and not urgent. DROP. Trash it.

6 Steps to Create an Eisenhower Matrix

1. List
2. Rank Importance
3. Rank Urgency
4. Divide the issues and tasks into the 4 categories
5. Plot them in the Matrix
6. Act upon your classification

Note that besides time planning, a range of other things influence how quickly and efficiently you are in managing and carrying out activities: for example your information handling skills, your verbal and written communication skills, and how you delegate.

The Action Priority Matrix

The Action Priority Matrix looks similar to the Eisenhower matrix, but the focus is on impact and effort instead of importance and urgency. It also helps you decide which tasks, projects or activities you should spend your time on, but from a different perspective.

The Action Priority Matrix is a time management tool with 4 quadrants along 2 axes: EFFORT and IMPACT, each of which can be High or Low:

1. High Effort + High Impact: "MAJOR INITIATIVES". Decide. (Very) good returns, but time/resources consuming. This means that one major initiative may "crowd out" several quick wins.
2. Low Effort + High Impact: "QUICK WINS". Focus. Attractive projects, because they give a good return for relatively little effort. Focus on these as much as you can.
3. High Effort + Low Impact: "THANKLESS TASKS". Avoid. These initiatives or tasks give little return and also soak up precious time that you should be using on more useful things.
4. Low Effort + Low Impact: "FILL-INS". Don't worry too much about doing these activities  If you have spare time, do them, but otherwise drop them or delegate them.

6 Steps to Create an Action Priority Matrix

1. List
2. Rank Impact
3. Rank Effort
4. Divide the issues and tasks into the 4 categories
5. Plot them in the Matrix
6. Act upon your classification

Note: there are more time management methods, tools and techniques than the two explained above! Take a look in the forum, best practices, expert tips and resources section.

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Information Sources Various sources of information regarding Time Management. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Time Management for Business Managers Time Management, ABC Analysis This presentation elaborates on the concept of time management and includes the following section: 1. Introduction 2. (...) Improving your Time Management Time Management, Setting Priorities Presentation that clearly sets out the obstacles to effective time management and the ways to overcome those obstacles. (...) The Role of Supervisor | Skills of Supervisors Skills of a Supervisor, Supervisor Role, Supervisor Behavior This presentation elaborates on the skills that supervisors need in order to be successful in their business/organizatio (...) Mindfulness and Wellbeing at Work Wellbeing, Well-being, Mindfulness, Motivation, Employee Commitment Time Management, Coaching This presentation elaborates on the concept of mindfulness in the workplace, and includes the following sections: 1. Ou (...) The Role of Consequences in Time Management Time Management, Long Term Orientation, Decision Making, Problem Solving Brian Tracey on one of the most important words in Time Management: Consequences. Something is valuable (important) to (...) Funny Introduction to Time Management Initial Understanding of Time Management, Start of Workshop / Training Harold Taylor gives live examples of the most freqently made errors, misconceptions and and time consuming habits in a f (...) 3 Practical Ways to Deal with Stress Coping with Stress, Avoiding Stress, Emotional Intelligence, Stress Management Workplace stress is very common and can cause higher blood pressure, illness and lower self esteem. Decreasing the stres (...) First Introduction to the 80/20 Rule (Pareto Principle) Understanding the Importance of the Pareto Principle in Time and Life Management Basic explanation of the Pareto Principle for time and life management: 20% of your activities will account for 80% of y (...) Summary of the 4 Quadrants of Time Management Initial Understanding of Time Management Brian Johnson initially explains 4 of Steven Covey's Seven Habits: 1. Be proactive 2. Begin with the end in mind 3. P (...) Time Management is a Misnomer. Manage Yourself! Advanced Time Management Dr. Sharon Melwick explains the meaning of Stephen Covey's saying: 'Time Management is a misnomer. The real challenge is (...) Eight Secrets on Time Management Time Management, Personal Effectivity Brian Mozes reveals eight time management secrets from billionaires: 1. Be pro-active; not re-active. 2. Work on impac (...) Lessons Learned from Steve Jobs (Part 1): FOCUS Time Management, Focus, Focusing, Leadership, Prioritization In this micro-learning video Jonathan "Jony" Ive, Chief Design Officer of Apple, shares some major management/leadership (...)

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