ABSTRACT
A well-known quote ascribed to Benjamin Franklin, “time is money” is very true in the business-driven environment. The process of time management uses several tools and techniques to allow the successful planning of important tasks necessary to achieve the desired goals on time and on budget of an approaching deadline. Effective time management requires learning and practicing certain tools and techniques in both one’s personal and professional life. Procrastination is a key factor in wasting time. Making a list of tasks and prioritizing them is the best way to manage the things that are required to be accomplished daily. Successful people achieve their goals with the help of time management skills. Efficiency is measured by how much of the right goals are achieved from the desired set. Effectiveness, in the meantime, is concerned with achieving the right tasks in the set order and timeline.
