Action plan

Action Plan is a detailed, step-by-step document or strategy designed to accomplish a specific goal. Action plans are used in project management, business strategy, personal development, and other areas where a clear path to a goal is necessary.

Definition

An action plan is a detailed plan outlining actions needed to reach one or more goals. Citation needed Alternatively, businessdictionary.com defines an action plan as a "sequence of steps that must be taken, or activities that must be performed well, for a strategy to succeed".

Components

An action plan has three major elements (1) Specific tasks: what will be done and by whom. (2) Time horizon: when will it be done. (3) Resource allocation: what specific funds are available for specific activities. Also, an action plan must be developed within the context of the organization's culture.

Development

Developing an action plan can help to crystallize your thoughts and structure your ideas and outcomes. It can also help to identify any gaps where further clarification and information is needed.

Implementation

The implementation of an action plan often follows a sequence of steps; ensuring tasks are assigned to the right people, managing the delivery of results and ensuring a thorough review process upon completion.

See also

• Project management
• Business strategy
• Personal development
• Goal setting