The present invention relates to a method of configuring a set of Radio Access Network (RAN) parameters including Discontinuous Reception (DRX) configurations for user equipment in a wireless networking system. The method includes determining traffic characteristics associated with user equipment based on the number and types of applications running in it. The method further includes steps of modifying and updating the DRX configurations and the RAN parameters for different situations of wireless transmission and reception. The updated DRX configurations and the RAN parameters for communication with the user equipment results in an efficient power consumption management.