CHAPTER 3 TIME MANAGEMENT Lecturer: Trần Thị Phương Thủy Balance in your life Family Health Balance in life is important. Recognizing each aspect of life is necessary. Work •“I am not getting enough time for family/personal life because of Work.” •“80% of day is spent at Entertainment work.” Common problems with time • I am very busy. The second crisis comes in before the first has finished. • I don’t feel I have achieved anything this year. • I don’t have control on my life. Things pile one on top of the other. • I wish I have more than 24 hours per day so that I can get more things done. • The system overloads me with work. There is no time to breathe. Chapter 3: Time management 3.1 What is Time? 3.2 What is Time Management? 3.3 How to manage Time? 3.4 Organizing your work effectively 3.1. What is time? 3.1.1. Time is The Present Yesterday is History Tomorrow’s a Mystery But Today is a Gift That’s Why They Call it The Present 3.1. What is time 3.1.2. Time is a Non Renewable Resource • Once it is gone, it is gone. • You will never see this moment again. Try and answer this quiz! • How old were you five years ago? • What did you look like at that time? • What did you do then? • What has changed ever since? • What have you achieved in this time? How quickly do you think has the time passed? 3.1. What is time To Realize the Value of: • ONE YEAR, ask a student who failed a grade. • ONE MONTH, .................... • ONE WEEK, ................... • ONE DAY, ....................... • ONE HOUR, ......................... • ONE MINUTE, ....................... • ONE SECOND, ...................... • ONE MILLISECOND, ....................... 3.1. What is time To Realize the Value of: • ONE YEAR, ask a student who failed a grade. • ONE MONTH, ask a mother who gave birth to a premature baby. • ONE WEEK, ask the editor of a weekly newspaper. • ONE DAY, ask a daily wage laborer with kids to feed. • ONE HOUR, ask the lovers who are waiting to meet. • ONE MINUTE, ask a person who missed the train. • ONE SECOND, ask a person who just avoided an accident. • ONE MILLISECOND, ask the person who won a silver medal in the Olympics. 3.2. What is Time management? “Time management” is the process of organizing and planning how to divide your time between specific activities. Good time management enables you to work smarter – not harder – so that you get more done in less time, even when time is tight and pressures are high. Failing to manage your time damages your effectiveness and causes stress. 3.2. What is Time management? • Time can not be managed, we can only manage ourselves. • Those who do not take the time to do something right, must make the time to do it over. • Doing a job right is efficient, doing the right job right is effective. • In control of Life, not driven by circumstances. • Enjoying JOURNEY of life: every day of it, not waiting for a perfect day in future. 3.2. What is Time management? Seven Dangers Signals 1) The belief that you are Indispensable: No One else can do your work. 2) No time for important work you need and want to do: Daily crisis consume your time. 3) Attempting too much at once by never saying “NO”. 4) Unrelenting pressure: Always feel behind schedule. 5) Habitual (not just occasional) long working hours. 6) Feeling guilty leaving work on time. 7) Taking worries and problems home. 3.2. What is Time management? Benefits of good time management • Greater productivity and efficiency. • A better professional reputation. • Less stress. • Increased opportunities for advancement. • Greater opportunities to achieve important life and career goals. 3.2. What is Time management? The Central Shift in Attitude Concentrate on results, not on being busy. Pareto Principle (the 80/20 rule) Typically 80% of unfocussed effort generates only 20% of results, and the remaining 80% of results are achieved with only 20% of the effort. 3.2. What is Time management? The Central Shift in Attitude We should not count every hour in the day We should try and make every hour in the day count 3.3. How to manage time? 3.3. How to manage time? 3.3.1. Work With Your Body Cycles Circadian Rhythms Circadian rhythms are internal biological clocks that regulate many functions and activities, including sleep, temperature, metabolism, alertness, blood pressure, heart rate and hormone levels and immunities. These Circadian Rhythms are reset by sunlight each morning. Whether you are a “Morning Person” or a “Night Owl” is determined by these cycles. 3.3. How to manage time? 3.3. How to manage time? 3.3.1. Work With Your Body Cycles WHAT IS PROPER TIME? 3.3. How to manage time? 3.3.1. Work With Your Body Cycles Cognitive Tasks 8am - 12 noon* Cognitive, or mental tasks such as reading, calculating, and problem solving are performed most efficiently in the morning. *If you are a Night Owl, shift these times about 3-4 hours later in the day. 3.3. How to manage time? 3.3.1. Work With Your Body Cycles Short term memory 6 am - 10 am Short term memory tasks such as last minute reviewing for tests are best performed early in the morning. *If you are a Night Owl, shift these times about 3-4 hours later in the day. 3.3. How to manage time? 3.3.1. Work With Your Body Cycles Long term memory 1 pm - 4pm* Longer term Memory tasks such as memorizing speeches and information for application are best performed in the afternoon. *If you are a Night Owl, shift these times about 3-4 hours later in the day. 3.3. How to manage time? 3.3.1. Work With Your Body Cycles Physical Workouts 4 pm to 9 pm * Because of Circadian Rhythms it is best to engage in physical activity in the evening when your large muscle coordination is at its peak. Exercising about 5 hours before bedtime improves the quality of sleep. *If you are a Night Owl, shift these times about 3-4 hours later in the day. 3.3. How to manage time? 3.3.2. Define your goals (objectives) In business Goals are statements you make about the future for your business. You might say, “We seek to be the most widespread widget maker in the country.” This statement demonstrates that you have lofty plans for your business, but it does not say specifically how you can meet your goal. => helps define the direction that a business will take. 3.3. How to manage time? 3.3.2. Define your goals (objectives) In business Objectives are the exact steps your company must take to reach its goals. They are written without emotion, and they are typically measurable and quantifiable. They also are realistic and attainable and have an associated timeline. “We will increase our sales by 3 percent in each quarter of this year in each region in which we currently operate.” Or: “We will open new branches and plants in two states per quarter this year.” 3.3. How to manage time? Goals are: Objectives are: Broad in nature Narrow in scope Abstract ideas Specific steps Valuable for setting a general direction or vision Associated with a schedule and time frame The end result The means to the end result Difficult to measure Easy to measure Longer term Short term or medium term 3.3. How to manage time? Examples of goals Examples of objectives I want to become known as an expert in business strategy. I will speak at five conferences in the next year. I will commit to my career development and learn how to increase sales. I will read one book about sales strategy every month. I want to be more confident. I will work with a coach to practice my networking skills by the end of this month. 3.3. How to manage time? 3.3.2. Define your goals (objectives) Goals (objectives) and time span • Long-term > 10 years • Intermediate 01 – 05 years • Short-term < 01 year • Quarterly • Monthly • Weekly • Daily 3.3. How to manage time? 3.3.2. Define your goals (objectives) Three Kinds of Goals • Personal Goals • Career/Organizational Goals • Professional Long-term Goals What are your goals? 3.3. How to manage time? How Goals and Objectives Work Together Setting goals without assigning measurable objectives will likely lead to goals that never get accomplished. Creating objectives without a broad goal or target lacks meaning. Goals can seem impossible or overwhelming without breaking them down into measurable tasks with objectives. 3.3. How to manage time? 3.3.2. Define your goals (objectives) S.M.A.R.T. goal setting method S.M.A.R.T. goal setting method to lay out specific objectives towards reaching each goal. Whether you are self-employed, have a small business or are part of a large organization, your goals need to be supported with precise objectives. The S.M.A.R.T method helps make goals achievable by breaking the goal down and assigning responsibility to team members - they describe who will do what, by when. 3. How to manage time? 3.3.2. Define your goals (objectives) "SMART" GOALS S - Specific M - Measurable A - Achievable R – Realistic/ Relevant T - Time Bound 3.3. How to manage time? 3.3.2. Define your goals (objectives) Specific: means that the objective should state what actions need to be carried out, using language that is easily understood by everyone concerned. Your goal should be clear and specific, otherwise you won't be able to focus your efforts or feel truly motivated to achieve it. 3.3. How to manage time? 3.3.2. Define your goals (objectives) Measurable: it needs to be set in a way that allows for assessment. It's important to have measurable goals, so that you can track your progress and stay motivated. Assessing progress helps you to stay focused, meet your deadlines, and feel the excitement of getting closer to achieving your goal. 3.3. How to manage time? 3.3.2. Define your goals (objectives) Achievable: Your goal also needs to be realistic and attainable to be successful. In other words, it should stretch your abilities but still remain possible. When you set an achievable goal, you may be able to identify previously overlooked opportunities or resources that can bring you closer to it. 3.3. How to manage time? 3.3.2. Define your goals (objectives) Relevant: it needs to make sense to individuals in terms of their job roles. It must also support the overall objectives of the department and the business. Make sure that your plans drive everyone forward, but that you're still responsible for achieving your own goal. 3.3. How to manage time? 3.3.2. Define your goals (objectives) Time bound: Every goal needs a target date, so that you have a deadline to focus on and something to work toward. This part of the SMART goal criteria helps to prevent everyday tasks from taking priority over your longer-term goals. 3.3. How to manage time? 3.3.2. Define your goals (objectives) 3.3. How to manage time? 3.3.3. Set priorities 3.3. How to manage time? 3.3.3. Set priorities • Economist Vilfredo Pareto identified the 80/20 Rule. • In any list of tasks, 80% of the importance lies in 20% of the list. 3.3. How to manage time? 3.3.3. Set priorities 3.3. How to manage time? 3.3.3. Set priorities 3.3. How to manage time? 3.3.3. Set priorities ABC analysis Value of the activity 65% 20% 15% A tasks B tasks C tasks Very important important trivial /routine 20% 65% 15% Actual Use of Time 3. How to manage time? Write the underlined word of the tasks which would be on your “A” List; “B” List”; “C” List. • Buy laundry detergent. • Write a eight page essay for English. • Prepare for a Economics quiz. • Dust the videos on the bookcase. • Review for midterm test. • Schedule an appointment with a Professor. • Complete a journal entry. • Email a high school friend on another campus. • Shop for a new pair of athletic shoes. 3.3. How to manage time? 3.3.3. Set priorities Priority Matrix Urgent Not Important Important Quadrant I. Crises Deadlines Quadrant III. Interruptions Some Meetings Popular Activities Not Urgent Quadrant II. Prevention Relationship Building Planning Recreation Quadrant IV. Pleasant Activities Busy Work Time Wasters Trivia 3.3. How to manage time? 3.3.3. Set priorities Priority Matrix Important Not Urgent Quadrant I. Manage (High priority) Quadrant of Necessity Quadrant II. Leadership & Quality (Planning) Quadrant of Focus Not Important Urgent Quadrant III. Avoid (Quick and simple) Quadrant of Deception Quadrant IV. Avoid Quadrant of Waste 3.3. How to manage time? 3.3.3. Set priorities To-do list Activity Important /Urgent Priority Time Estimate 3.3. How to manage time? 3.3.4. Catch the time thieves Time Thieves Paper work Interruptions Telephone Meetings Office logistics Procrastination Visitors Signatures 3.3. How to manage time? 3.4. Organizing your work effectively 3.4.1. Time logs 3.4. Organizing your work effectively 3.4.1. Time logs English Maths French Physics Geog 2hours 2hours 3hours 4hours 4hours Monday Equations Sound (1hr) (1hr) Tuesday Wednesday Tourism (1hr) (1hr) Poem (1hr) Grammar Industry (1hr) (1hr) FRIDAY NIGHT AT THE CINEMA Friday Macbeth (1hr) Vectors Transport (1hr) (1hr) TOTAL (2hrs) 2 2 3 4 2 (2hrs) 0 3 4 4 15 Magnetism Weather Sunday 2 2 2 Waves (1hr) Thursday Saturday Holidays TOTAL 3.4. Organizing your work effectively 3.4.2. Planning time Gantt chart: is commonly used in project management. It is one of the most popular and useful ways of showing activities (tasks or events) displayed against time. On the left of the chart is a list of the activities and along the top is a suitable time scale. Each activity is represented by a bar; the position and length of the bar reflects the start date, duration and end date of the activity. 3.4. Organizing your work effectively 3.4.2. Planning time Gantt chart: • What the various activities are; • When each activity begins and ends; • How long each activity is scheduled to last • Where activities overlap with other activities, and by how much; • The start and end date of the whole project 3.4. Organizing your work effectively 3.4.2. Planning time Gantt chart 3.4. Organizing your work effectively 3.4.2. Planning time Microsoft Outlook 3.4. Organizing your work effectively 3.4.2. Planning time Sticky notes 3.4. Organizing your work effectively 3.4.3. Mind Map a. What is a mind map? A mind map is a visual way of organizing ideas in a weblike structure. 3.4. Organizing your work effectively 3.4.3. Mind Map b. Why mind map? • Use right brain (visual, intuitive) as well as left brain (logical, linear). • Make new connections between ideas. • Fast and easy to create. • Easy to learn. • Fun! 3.4. Organizing your work effectively 3.4.3. Mind Map c. Parts of a mind map • Center word and image. • Branches. • Sub-branches – less important information • Single keywords. • Images and color. 3.4. Organizing your work effectively 3.4.3. Mind Map d. Mind map design tips • Single words. • Use colors. • Use pictures. • Use zigzags instead of straight lines. 3.4. Organizing your work effectively 3.4.3. Mind Map 3.4. Organizing your work effectively 3.4.4. PDCA cycle