Twenty percent of your time will produce 80% of your productive output, so managing that 20% of time is important. Common time management problems include feeling short of time, not having control over your schedule, and being overloaded with work. The "Three Ps" of effective time management are planning, priorities, and preventing procrastination. Time wasters include attempting too much, failing to say no, dealing with incomplete information, and crisis management. The document provides many tips for better managing time through organizing tasks, prioritizing, avoiding interruptions, planning each day and week, and eliminating unnecessary tasks.