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Timeboxing is a project management technique that involves setting a fixed amount of time for completing a task or activity. The goal of timeboxing is to increase productivity and efficiency by creating a sense of urgency and focus on the task at hand.

Timeboxing can be applied to various aspects of product development, including sprint planning, feature development, and bug fixing. It is particularly useful in agile methodologies such as Scrum, where timeboxed sprints are used to deliver working software in short iterations.

The timebox is typically defined by the team or Product Manager, and can range from a few hours to several weeks. During the timebox, the team works on the task with the goal of completing it within the allotted time. If the task is not completed within the timebox, it is either abandoned or carried over to the next timebox.

One of the benefits of timeboxing is that it helps to prioritize tasks and prevent scope creep. By setting a fixed amount of time for a task, the team is forced to focus on what is most important and avoid getting sidetracked by less critical tasks.

Another benefit of timeboxing is that it helps to create a sense of urgency and accountability. When a team knows that they have a limited amount of time to complete a task, they are more likely to stay focused and motivated to get it done.

Overall, timeboxing is a powerful tool for Product Managers to improve productivity, prioritize tasks, and keep projects on track. By using this technique, teams can work more efficiently and effectively, delivering high-quality products on time and within budget.