Time, identified as the most precious asset in life, needs to be spent efficiently and judiciously. Life as such is composed of time and time and how it is managed determines a person's successes or failures. Managing time means utilizing each moment for productive purposes. Time also adheres to a similar principle as Newton's law of energy: It cannot be created nor be destroyed. Time not managed properly is time wasted. This article discusses some aspects of managing time effectively.

There were days when we had no phones, no fast means of gathering information and no quick mode of transport. Today, we have cell phones, we have information only a mouse click away, we have the fastest mode of transportation and we have ready-to-eat food delivered at our doorsteps. Yet, we feel the scarcity of time. Has the length of the days decreased or duration of an hour shortened? The answer is: we are falling short of time not because time has shortened, but because we have failed to manage time. Each day, each one of us is blessed with 86,400 seconds. However, many of us do not give heed to the amount of time we while away. We don't seem to be bothered by that fact that time and tide waits for no man. Nothing on earth can stop time. It is only because of the fact that time is beyond anybody's control; it is imperative to manage it. It is the effective or ineffective management of time that ultimately culminates into success or failure.

The term time management comprises two words—time and management. The aim of managing anything is to exploit its potential to the fullest in a cost-effective manner. The term management refers to proceed with some defined procedures to accomplish the identified objective. Treating time as an inventory item and applying various management techniques to utilize it in the most effective manner is basically what time management is. It is important to mention that though the flow of time is beyond our control, the way to use it is very much in our control. Time management is a set of skills, tools and systems working together to help one get more value out of time with the aim of improving the quality of life.

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