Time management refers to effectively allocating the right time to the right activities. It is needed to save time, reduce stress, function effectively, and increase work output. Effective time management involves planning, setting goals and deadlines, prioritizing tasks, and spending the right amount of time on each activity. Analyzing your time management helps improve weaknesses and focus on better time allocation. Failing to properly manage time can lead to losing trust from superiors and motivation as well as producing poor quality and inefficient work.