The document discusses time management as the process of organizing and budgeting one's time to enhance productivity, emphasizing the importance of planning, prioritizing tasks, and minimizing procrastination. Key strategies include setting clear goals, tracking activities, and using prioritization frameworks such as the urgent/important matrix to focus on tasks that align with personal and professional objectives. It also highlights the necessity of recognizing and addressing procrastination, understanding its causes, and employing scheduling techniques to create effective routines.