Setting time limits for different steps of the process helps constantly put focus on the Right things to do.
How this helps you
Time is a scarce resource, use it well! Setting time limits is a great way for yourself and your team to focus and thus avoid unnecessary waste of time to be as effective as possible.
What is it?
In time management, timeboxing allocates a fixed time period, called a time box, to each planned activity. Rather than allow work to continue until the goal is reached, and evaluating the time taken, the timebox approach consists of stopping work when the time limit is reached and evaluating what was accomplished. The critical rule of timeboxed work is that work should stop at the end of the timebox, and review progress: has the goal been met, or partially met if it included multiple tasks? Be strict on these time limits, but don’t forget to talk and party later.
How does it relate?
When you have limited rescources you need to be careful for waste. The beginning is always hard, because it’s likely you’ll have limited resources or in any case time. Timeboxing can help you be more efficient. Timeboxed iterations are a distinctive feature of the early Agile approaches, iterations are made throughout the whole process from idea to product and market to continuously improving your work and its results.
Your next Waypoint
Next time you’re having a (team) meeting or running a development cycle, apply the time boxing principle. You’ll find out that when you use timeboxing more frequent, your effectiveness boosts.