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Personal development action plan

Task 1 Developing the action plan

You are required to develop a personal development action plan. To develop the plan you need to:

  • assess your current situation
  • look at where you want to be in the future, in terms of your professional career
  • determine how to get where you want to be, both in the short term and in the long term.

Work through the following steps to develop your plan.

Factors to consider when preparing your development plan

Notes for my development plan

1. Assess your current work

Examine sources of information about the requirements of your current position. For example:

  • key performance indicators (KPIs)
  • objectives
  • general work competencies
  • job description.

 

2. Assess your current performance

Identify any gaps in your competencies, skills, ability and knowledge by looking at:

  • outcomes of performance review
  • feedback from others
  • your self-assessment.

 

3. Consider your future work and life, particularly your values and goals:

  • What sort of future do you visualise for yourself?
  • What sort of work do you want to do in the future?
  • What skills and knowledge will you need for this work?

 

4. Your future performance

Identify the gap between your current situation and what you need to do to achieve your goals:

  • What further education and training will you need?
  • Who would be a valuable mentor to you?
  • What networking opportunities would assist you?

 

5. Future key factors

Try to make some predictions regarding future factors which will impact on your development plan, such as:

  • How will you be able to adapt to the changing business environment?
  • What might be your organisation's expectations of future performance and roles?
  • What personal traits may be of benefit in your future work performance?

 

Having completed the above steps, consider the learning in your course notes and related activity. Prioritise and identify three (3) issues or goals that you need to address or achieve in order to fulfil your development plan.

List the issues or goals below, and then explain how and when you will address each of them.

Issue

How I will address it

When I will do it

1.

 

 

2.

 

 

3.

 

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9745280

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