Time is a resource which cannot be stored for later use. It is required to complete the tasks, accomplish personal goals, spend time with friends and family, etc.

Let’s face it- 24 hours in a day seems limiting; who hasn't wished at some point that there were more hours in a day? After all, we have personal and professional deadlines, coworkers to manage, and a looming project.

It sometimes seems that we spend so much time rushing from place to place or task to task that we don't actually accomplish anything except feeling more frustrated.

How do the likes of Warren Buffet and Bill Gates, with all their responsibilities, have enough time to accomplish their goals? One common characteristic of very successful people is excellent time management skills. Time Management refers to managing time effectively so that the right time is allocated to the right activity.

Time management starts with the commitment to change and commit to action. You can improve your own time management through better planning; prioritizing; delegating; controlling, conditioning, reconditioning your environment; understanding yourself and identifying what you will change about your habits, routines and attitude.

The key to successful time management is planning and then protecting the planned time. People who say that they have no time- do not plan, or fail to protect planned time!

For people who have demands placed on them by others, particularly other departments, managers, customers, etc, time management requires diplomatically managing the expectations of others. If you tolerate, and accept without questioning, the interruptions and demands of others then, you effectively encourage these time management pressures to continue.
Time management is a set of principles, skills, practices, and tools combined together to get more value out of the person’s most valuable asset called time.

You become more productive using time management techniques. Time management can help you reduce wasted time and energy, help you become more creative and productive.

Time management can help you realize your goal, and turn your dreams into reality; this will of course lead to more balance and fulfillment in your life. It has enormous implications for organizations and any nation’s economy as whole.