Time management is about understanding the importance of managing priorities and applying techniques and tools to manage time regularly. Effective time management leads to higher productivity and satisfaction both, on the job and in you personal life. It leads to better work life balance and leads to lowering stress, higher poise and greater well-being. Personal time management skills are essential for effective people. People who use these techniques as a disciplined habit are the highest achievers in all walks of life, from business to sport to public service. If you use these skills well, you will be able to function exceptionally well, even under intense pressure.