Copyright Goodheart-Willcox Co., Inc. 20 Chapter 1 Financial Literacy Basics book report. When you are called to babysit for much longer than expected, you revise your plans. You write the report while babysitting when the children are asleep. This frees time for something else on Sunday. Flexibility can work to your advantage in all kinds of situations. Evaluation Evaluation is a continuous process. When you evaluate a plan of action, you assess your progress as you go through all stages of the management process. What worked? What did not? How could you make it better next time? Evaluation also improves your management skills for future projects. Ongoing evaluation can help you develop better ways of using resources to reach goals. Consider the successes and failures in your planning. How can you do better in the future? Figure 1-4 illustrates the process of evaluation. Goodheart-Willcox Publisher Figure 1-3 Listing goals, obstacles, and resources will help give perspective on what can be accomplished. Goal Planning Goal Obstacles Available Resources Plan #1 Complete an English assignment on time • Time limitations • Lack of interest in the topic • Difficulty getting started • Tough grading by the English instructor • Two free hours after school each day • Public library reference room • Knowledge of the topic and where to go for information • Detailed instructions from the English instructor • Writing and computer skills • Computer • Determination to finish on time and get a good grade Plan #2 Become president of the student body • Popularity of the other candidates • Difficulty in contacting all the voters • Limited time before the election • Lack of organization among supporters • Knowledge of the job and its demands • Experience in student government • Organizational skills • Public speaking skills • Reputation for leadership • Energy and enthusiasm for planning and running the campaign • Knowledge of what the voters want • Broad support from both the student body and the faculty • Friends who are willing to help run the campaign • Use of school computers and graphics programs • Desire to win