Нашла перевод выражения "распределять время".

to budget [intransitive/transitive verb]
to plan how you will spend your money during a certain period of time or for a particular activity
Each question should take 20 minutes, so budget your time accordingly. (Lоngmаn)

to budget
2) to plan the expenditure of (money, time, etc.)
(Cоllins English Dictiоnаry)

Примеры употребления.

И ещё про время.

to allocate
to use something for a particular purpose
You should allocate the same amount of time to each question.
He is a selfish, competitive fighter who is totally calculating about how he allocates his time and resources.

ЗЫ: Да! Несмотря на то, что вопрос был задан давно, а автора темы давно здесь не было.