An operational plan describes short-term ways of achieving milestones and explains how or what portion of a strategic plan will be put into operation during a given operational period. It differs from a strategic plan in that an operational plan is more specific and focuses on day-to-day management and resource allocation, while a strategic plan provides a general long-term guide. An effective operational plan should be clearly defined, in accordance with the company's long-term plan, linked to the budget, and timed within the financial year. It involves consultation, performance indicators to measure goals, and contingency plans to prepare for worst case scenarios.
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An operational plan describes short-term ways of achieving milestones and explains how or what portion of a strategic plan will be put into operation during a given operational period. It differs from a strategic plan in that an operational plan is more specific and focuses on day-to-day management and resource allocation, while a strategic plan provides a general long-term guide. An effective operational plan should be clearly defined, in accordance with the company's long-term plan, linked to the budget, and timed within the financial year. It involves consultation, performance indicators to measure goals, and contingency plans to prepare for worst case scenarios.
An operational plan describes short-term ways of achieving milestones and explains how or what portion of a strategic plan will be put into operation during a given operational period. It differs from a strategic plan in that an operational plan is more specific and focuses on day-to-day management and resource allocation, while a strategic plan provides a general long-term guide. An effective operational plan should be clearly defined, in accordance with the company's long-term plan, linked to the budget, and timed within the financial year. It involves consultation, performance indicators to measure goals, and contingency plans to prepare for worst case scenarios.
Copyright:
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Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
An operational plan describes short-term ways of achieving milestones and explains how or what portion of a strategic plan will be put into operation during a given operational period. It differs from a strategic plan in that an operational plan is more specific and focuses on day-to-day management and resource allocation, while a strategic plan provides a general long-term guide. An effective operational plan should be clearly defined, in accordance with the company's long-term plan, linked to the budget, and timed within the financial year. It involves consultation, performance indicators to measure goals, and contingency plans to prepare for worst case scenarios.
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Manage CperaLlonal lan
eflnlLlon An operaLlonal plannlng ls a subseL of sLraLeglc plan lL descrlbes shorLLerm ways of achlevlng mllesLones and explalns how or whaL porLlon of a sLraLeglc plan wlll be puL lnLo operaLlon durlng a glven operaLlonal perlod ow ls Lhls dlfferenL Lo sLraLeglc plan? Strateg|c p|an Cperat|ona| p|an W A general gulde for Lhe managemenL of Lhe organlsaLlon W A speclflc plan for Lhe use of Lhe organlsaLlons resources ln pursulL of Lhe sLraLeglc plan W ls a plan for Lhe pursulL of Lhe organlsaLlons mlsslon ln Lhe longer Lerm W ls a plan for Lhe dayLoday managemenL of Lhe organlsaLlon W A sLraLeglc plan enables managemenL Lo formulaLe an operaLlonal plan W An operaLlonal plan should noL be formulaLed wlLhouL reference Lo a sLraLeglc plan W 1he sLraLeglc plan once formulaLed Lends noL Lo be slgnlflcanLly changed every year W CperaLlonal plans may dlffer from year Lo year slgnlflcanLly W 1he developmenL of Lhe sLraLeglc plan lnvolves dlfferenL caLegorles of sLakeholders W 1he operaLlonal plan ls produced by Lhe chlef execuLlve and sLaff of Lhe organlsaLlon JhaL deLalls does an operaLlonal plan conLalns? W CrganlsaLlonal sLrucLure W ShorL/medlum Lerm buslness sLraLegles W Ma[or pro[ecLs W Avallable resources W performance LargeLs W 8esponslblllLles W 1lmeframes W ConLlngency measures eaLures W An effecLlve operaLlonal plan should be clearly deflned W Should be ln accordance wlLh company's long Lerm plan W lL should have dlrecL llnks Lo Lhe budgeL W lL also musL be Llmed wlLhln Lhe flnanclal year AllocaLlon of resources 1o make an CperaLlonal lan successful sufflclenL resources should be allocaLedwhlch wlll lnclude W hyslcal resource W lnanclal resource W uman resource 1o adequaLely allocaLe resources a process of research and consulLaLlon needs Lo be carrled ouL lmporLanL quesLlons whlle maklng CperaLlonal lan W ls Lhls relevanL Lo Company's long Lerm growLh? W oes Lhe organlsaLlon have enough budgeL Lo flnance Lhe plan?? W oes organlsaLlon have enough skllled people Lo lmplemenL Lhe plan? W lf noL how long lL wlll Lake Lo hlre new sLaff? W Jho wlll be responslble for Lhe plan AssessmenL AcLlvlLy 1 evelop and lmplemenL ConsulLaLlon process ConsulLaLlon ls a key elemenL ln Lhe developmenL of an operaLlonal plan J?? because lL ensures LhaL Lhe deLalls of Lhe plan resource allocaLlon and Lhe Llmellnes are reallsLlc relevanL and achlevable ConsulLaLlon process Could be formal or lnformal/personal dependlng on Lhe slze of Lhe organlsaLlon lotmol tools W lnformaLlon sesslons W MeeLlngs workshops eLc W eedback mechanlsms W lnLraneL newsleLLers memos eLc W 1he lmporLanL parL of Lhls process ls Lo ldenLlfy who you should Lake consulLaLlon from W Je need Lo look aL speclflc clrcumsLances of Lhe organlsaLlon Lo ldenLlfy relevanL consulLanL for you W ConsulLaLlon should be a conLlnuous process LhroughouL Lhe operaLlonal plannlng cycle W ConsLanLly seeklng feedback and lnpuL wlll allow you Lo develop ldeas Lo reflne your plannlng process Dslng eedback W AfLer Lhe consulLaLlon lLs Llme Lo revlew Lhe feedback recelved and selecL Lhe besL ldeas W lLs beLLer Lo esLabllsh a panel Lo assess Lhe feedback recelved W lL ls advlsed Lo seL a deadllne for all submlsslons Lo be recelved by and LhereafLer sLarL revlewlng CommunlcaLe back W AfLer Lhe declslon has been Laken on Lhe ldeas you are worklng wlLh please leL Lhe consulLanLs/ sLakeholders know LhaL Lhere ldeas are geLLlng used lL ls very lmporLanL for Lhelr poslLlve mlndseL AssessmenL AcLlvlLy 2 %ey performance lndlcaLors) W ls are a vlLal parL of organlsaLlon's plannlng process W lL provldes a clearly deflned way of measurlng wheLher Lhe goals are achleved or noL W JlLhouL Lhem even Lhe besL plans wlll fall as Lhe sLaff would be confused abouL whaL ls expecLed of Lhem evelopmenL of ls W lL should be based on quanLlflable measuremenLs W lL should have a ablllLy Lo be measured ln a very shorL perlod of Llme W lL should be lnsLanL and ad[usLable W evelopmenL of prompL reporLlng process ls also very lmporLanL whlle developlng ls W lL should be derlved from Lhe CperaLlonal plan W lf Lhere ls a change ln organlsaLlonal plan Lhen Lhe ls should be changed accordlngly AssessmenL AcLlvlLy 3 evelop ConLlngency lans W A ConLlngency lan ls your response when a speclflc plan goes wrong W lL ls also called 'back up plan' or 'plan 8' W lLs developmenL means Lhe company ls prepared for worsL case scenarlo eaLures ConLlngency lan should lnclude W system fot mooltotloq ptoqtess of tbe otlqlool ploo W commoolcotloo mecboolsms fot tepottloq ptoqtess W cleot losttoctloos of wbeo to ose cootloqeocy ploo
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