If you already have SuccessTypes for Medical Students , I'm drawing from chapters 8 and 10, but you don't need to own SuccessTypes to use this strategy. It's all laid out here. Effective study is smart study. The time management concept helps your study become effective rather than just efficient. Good time management always stresses effectiveness over efficiency.
Efficiency is the ability to get a lot done in the time available.
Effectiveness is getting the right things done in the time available. For example, efficiency is reading a book at 5,000 words a minute. Effectiveness is determining that you only have to read chapter 3. Question analysis is effective because it has you focus only on the material that is most likely to be asked on the exam and it will help you do it in a way that will increase your chances of correct guesses. And, there is nothing wrong with guessing.