When time is viewed as a non-renewable resource it often becomes easier to understand the importance of managing it wisely. As with any resource, there is a direct relationship between the supply of, and the demand for, that resource.
When there is an overabundance of time, it is more easily wasted. Likewise, when there is a shortage of the resource – in this case, of time – it becomes necessary to more effectively manage even the smallest amount of it.
Beginning to effectively manage time often begins with a change in perspective regarding time. Each day provides only a specific number of hours, minutes and seconds, in which to accomplish goals, and complete tasks.
When working under a deadline, then, every minute or hour is considered a resource which one could feasibly use to the full extent, in order to meet a specific goal. The resource is non-renewable. Each moment or hour that is used up is a percentage of a resource which will not be replenished.
When there is a shortage of any resource it becomes important to closely monitor its uses. Consider the response to a shortage of water. Certain activities are eliminated from use, such...