Option 3
Go to C:\perl\bin\ppm....you will get a ppm window opened.
In that go to Edit -> Preferences -> Repositories -> Add.
Then Add the below lines.
http://ppm4.activestate.com/MSWin32-x86/5.8/820/package.xml
http://ppm.activestate.com/PPMPackages/zips/8xx-builds-only/Windows/
In the main screen of ppm window, you have 4 options
View all packages, View installed packages,View upgraded packages, View packages to install/remove.
Click view all packages, then type time-piece in the search, once you got the module displayed, right click on it and click install. Then press Ctrl+Enter for installation of module.
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