I just found this really cool free Excel add-in that looks at your Outlook calendar to analyze how you are spending your time.  If you have Windows 7 and Office 2010, it allows you to slice and dice the data in ad-hoc analysis and displays the information in a pretty dashboard so you can fully understand what you are focusing on.  Go here to watch the video: The Secrets of Time Management... Revealed and here to download the add-in: Calendar Analytics Tool Download