Time management involves planning, prioritizing and organizing one's activities to maximize productivity. It includes analyzing how time is spent, setting goals, and developing techniques to track time and minimize time wasted on less important tasks. Common time wasters include interruptions, procrastination, lack of focus, and failure to finish projects or prioritize tasks. The document provides tips for improving time management such as scheduling tasks, minimizing distractions, taking breaks to stay focused, and avoiding people who waste your time. Developing self-discipline and clarity around priorities are emphasized as important skills for effective time management.