The time period is set by adjusting the variable resistor. It can be adjusted from 1 to 10 minutes (approximately) with the parts shown in the diagram.
You can mark the times on a scale drawn on the box.Please note that the range of time periods is only approximate. With perfect components the maximum time period should be 4½ minutes, but this is typically extended to about 10 minutes because the 220µF timing capacitor slowly leaks charge. This is a problem with all electrolytic capacitors, but some leak more than others. In addition the actual value of electrolytic capacitors can vary by as much as ±30% of their rated value.