Having aspirations is what makes us human, but that'd never suffice.
Making it to that A-list needs smart work to bridge gaps between dreams & reality.
Let's now build an annual plan for 2023 over a case study.
#productmanagement #annualplan #planning #prodmgmt
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Over my recent article I've written about how one could proactively gauge one's current position, pit it against one's dreams & estimate what it'd take to vanquish them over stepwise planning.
It's called "2023 Career Progression!".
Link here...
mgmtinc.substack.com/p/2023-career-progression
2/n
I'd take up each of those 9 parameters over a CASE STUDY & chart out a detailed annual plan. So, let's start.
1. LONG TERM GOAL
The long term goal (in this case for the year 2023) as clearly stated is:
- "To grow into a successful PM by EOY 2023”
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2. SHORT TERM GOALS (not to be confused with accounting quarters Q1 - Q4)
So, let's take it stepwise.
Here's a plot of the understanding we have so far over a chart, what'd be called the "2023 Annual Planner".
4/n
Now, let's get to those short-term goals one by one & explore the other parameters that influence it.
SG1 - "To learn concepts"
- start off by reading top-rated books
- research & dig in to find more info. over unfamiliar terms
- circle back to your mentor for any help
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ITERATIVE ASSESSMENT
- you could tabulate fresh concepts learnt, make requests for extra work initiatives at workplace & explore a possible role elevation
MEASURING GAPS
- you could build skills, set deadlines, work with mentor to identify gaps, take up 1:1s & assess
6/n
MILESTONES
- PM concepts, strategy discussions & teardowns, tasks / tests in class
METRICS, KPIs
- ELI5 ability, analytical ability, understanding of how strategies are crafted & deployed
- No. of strategy discussions in a week, test / task scores northbound
7/n
That understanding ought to be enough to build:
ACTION PLANS & TIME TABLE - a schedule split over Hours/ Days / Weeks
Once completed, this is how your chart ought to look like.
And that is a progressive plan of how you're going to accomplish Short-Term Goal1 (SG1).
8/n
SG2 - Explore PM job role & gain exposure
- express interest
- take time to work on the tasks assigned
- ensure you cover many skill dimensions
ITERATIVE ASSESSMENT
- take up work initiatives
- participate in internal meetings
- collect feedback on 1:1s from mentor
9/n
MEASURING GAPS
- check your progress constantly over tasks, approach, optimal routes
- gauge weak areas
MILESTONES
- Tasks, deliveries, standups
METRICS, KPIs
- No. of tasks completed, TAT, No. of internal meetings participated in, daily standups participated in
10/n
That understanding ought to be enough to build the other sections & here is a progressive plan to accomplish Short-Term Goal2 (SG2).
11/n
SG3 - Pick up more PM work
- look for work that adds up to overall skills
- ensure exposure to all stages of PLC
ITERATIVE ASSESSMENT
- learn soft skills & collaboration
- take on more PM work
- look for exposure in working with various teams
- circle back with mentor
12/n
MEASURING GAPS
- request active participation in team RETROs
- assess progress
- 1:1s with mentor, refactor learnings
MILESTONES
- improvements in task management, team management & relationship management
METRICS, KPIs
- ratings, no. of bugs / errors, C-SAT, NPS
13/n
With that we can arrive at a progressive plan to accomplish Short-Term Goal3 (SG3).
14/n
And now on to the last ones of our short term goal.
SG4 - Build a winning profile
- list out achievements & find best ways to proposition them whilst also building alternate profiles highlighting each of the traits you've carried exposure in
15/n
ITERATIVE ASSESSMENT
- accumulate achievements, order & prioritize
- update profiles & apply to jobs
- measure shortlists & gauge profile's performance
- highlight skills relevant to jobs
- take help
MEASURING GAPS
- recheck propositioning / framing of action verbs
16/n
MILESTONES
- make multiple profiles as relevant, update LinkedIn profile, ATS compliance, apply to jobs, gauge performance,
METRICS, KPIs
- healthy ATS score, no. of recruiters visiting profile, Ratio (no. of initial screening calls : no .of applications), gauge progress
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With that we have enough to arrive at a progressive plan to accomplish Short-Term Goal4 (SG4).
And, here that is:
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That's it folks!
If you enjoyed reading this, then please do this:
1. Retweet the first tweet at the top 🔝 marked "1/n"
2. Drop me a follow @bgpinv
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That'd inspire me to do more.
Thanks for reading 🙏
Guru Prasad “TPW - The Product Web 🕸”
@BgpInv
Product Management (Fintech, B2B B2C SaaS PaaS); Leadership; Coined Solution State Model (SSM)-2014, Elevated Trapdoor-2014; Mentor & Advisor @ TPW;