When time is viewed as a non-renewable resource it often becomes easier to understand the importance of managing it wisely. As with any resource, there is a direct relationship between the supply of, and the demand for, that resource.
When there is an overabundance of time, it is more easily wasted. Likewise, when there is a shortage of the resource - in this case, of time - it becomes necessary to more effectively manage even the smallest amount of it.
Beginning to effectively manage time often begins with a change in perspective regarding time. Each day provides only a specific number of hours, minutes and seconds, in which to accomplish goals, and complete tasks.
When working under a deadline, then, every minute or hour is considered a resource which one could feasibly use to the full extent, in order to meet a specific goal. The resource is non-renewable. Each moment or hour that is used up is a percentage of a resource which will not be replenished.
When there is a shortage of any resource it becomes important to closely monitor its uses. Consider the response to a shortage of water. Certain activities are eliminated from use, such as watering plants, whenever there is a state of draught.
Limited activities make the most use of the resources available. The individual undertaking a time management program then, will need to learn to identify the ways in which even the smallest amount of time is wasted, as well as to carefully oversee their own limited supply of this valuable resource.
Throughout the course of history mankind has sought to develop new ways to record, track and make better use of time. From the invention of the sundial to the introduction of the modern calendar, the need to responsibly understand and manage time has been a concern to individuals, both in their professional and personal lives, for thousands of years.
Modern methods of time management incorporate various ways of recording time, to help an individual identify barriers to the effective use of time. Long and short term goal setting is encouraged. The term time management also applies to any number of methods which may be employed to help an individual organize and prioritize the goals to be accomplished.
Popular methods of time management practiced in the 21st century include the Parento Analysis, the Posec method, and Time Boxing, among a myriad of others. Each method proposes its own unique system to help the individual user manage time in a more orderly and productive fashion.
Tools used in time management may include either traditional or digital resources, such as planners, organizers, andor calendars. Additionally, goal setting outlines and specific formulas, which include various methods for prioritizing and organizing goals, are also used to assist in the effective management of time.
Time management techniques may also assist individuals in pinpointing and eliminating habits that interfere with the productive use of time.
At the same time, many methods provide insight into the development of new and better habits, which increase the rate of performance, and the ability of the individual to achieve goals on a regular basis.
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