PLOD is a tool designed to help administrators (and others) keep track of their daily activities. Since your management will typically have no idea what you are doing to justify such an exorbitant salary (any amount of money they may be paying you being classified as "exorbitant"), and since most people forget what they do themselves, it's good to keep a record. Trot your logs out around performance review time, and show them to your management (after suitable sanitization) on a regular basis.