PSP oversees and coordinates the development of HEA Annual Plans in response to the Higher Education Act 2022 (Section 21) and to implement the strategic objectives of the Corporate Strategic Plan. The Board provides guidance and support to the Executive on the development of Annual Plan key objectives and performance targets/deliverables.

The Annual Plan is submitted to the Minister for consideration following approval by the HEA Board. Reports outlining the status of Annual Plan performance targets/deliverables are presented to the Board each quarter and an end of year report outlining the achievement of Annual Plan key objectives is presented to the HEA Board for consideration in quarter 1 of the following year.