The Importance of Effective Management

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Managing Yourself
Introduction
The purpose of this report is to look into and evaluate the importance of effective time management and the causes of stress in the workplace and how they affect the Procurement Department’s ability to deliver its objectives. Time management is the process by which individuals consciously or subconsciously allocate time to the various activities they carry out both in the workplace and at home.
Strengths and weaknesses of time management
Effective time management is necessary because according to Tracy - ‘new tasks keep rolling in’ and ‘you will always be behind in some of your tasks, probably many of them’ (Tracy 2001). The Pareto principle can be applied across all areas of economics. Applied to time management it suggests that 80% of your positive contribution will come from 20% of your tasks. Therefore it is important to allocate the time we have effectively so that we can complete the most important tasks which will provide the most benefit overall both to the individual and the department.
I compiled a questionnaire (Appendix 1) and issued it to myself and eight other members of the procurement department. The responses suggest that overall the department has strong time management skills. Among the tools and techniques they use are, ‘to do lists’, calendar reminders for deadlines, post it note reminders, scheduling regular meetings and diary planning as far ahead as possible and scheduling and allocating time to prepare for meetings or completing tasks.
A simple technique for time management is compiling a ‘to do list.’ This is a common and basic tool for time management and can be used to plan on various levels, daily, weekly, monthly and so on. By listing all the tasks you need to c...

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...uccessful, how do they work? Which skills do they have? What techniques do they use? By learning from these people you can become better at your job.
Step four do you have the tools and resources you need to do your job well? If not, you need to work towards obtaining them, training, equipment, staff ect.
Step five you need to agree with your boss what defines good performance in your job. You should have a clear understanding of the company targets and goals, your teams or departments goals and how they fit into the overall company strategy and how your personnel tasks and goals will help both your team and the company achieve its goal. By understanding this, you should understand which elements of your job are important and you need to be prioritised, and which elements are less important and can be dropped which enables you to manage the stress of the job

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