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IAI Actuarial Core Principles · Business Management · Mission, business strategy, teamwork and time management

Meera, a trainee actuary at a Mumbai life insurer, has four tasks this week: (1) a regulatory data submission due tomorrow that her manager has called critical, (2) a routine monthly report due in ten days, (3) an unplanned request from a colleague to reformat a slide deck, and (4) revising for her CM1 exam in three weeks. Using an urgent-important matrix, which action is the most appropriate first step?

She should complete the regulatory submission first. It has an imminent deadline and serious consequences if missed, so it is both urgent and important. The slide reformatting is low value, the report can wait, and exam revision should be scheduled into protected time.

  1. AComplete the regulatory submission first because it is both urgent and importantCorrect
  2. BReformat the colleague's slides first because the request is the most recent
  3. CStart the monthly report first because it is the largest task
  4. DBegin CM1 revision first because exams matter more than work
  5. Postpone all tasks until the manager sets priorities for each

Explanation

The regulatory submission is due tomorrow and carries compliance consequences, so it is urgent and important and goes first. The slide request is urgent-looking but low importance. Revision is important but not urgent yet and should be scheduled.

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