Other Types Of Plans

Other Types Of Plans

These may include:

A strategic plan sets out the vision and aims for the organisation over a timescale of three to five years. It is developed from an analysis of the internal and external environment in which the organisation operates. Strategic plans often cover a 3 to 5 year period, updated and reviewed annually.

An operational plan outlines the activities and targets which the organisation will carry out in order to work towards achieving the aims and objectives set out in the strategic plan. It provides the framework for an organisation’s day-to-day operations. An operational plan covers a one year period.

A business plan is a detailed plan showing how resources will be managed to achieve the strategic plan. It includes detailed operational and financial information such as budget projections, which indicate how the organisation will resource its activities and be able to meet is objectives in the future. Business plans often cover a 3 year period. A business plan is also used to present its feasability of a particular new initiative.

Click here to download Playboard’s guidance booklet on Business Planning

A development plan is similar to a strategic plan, although it is more commonly used to outline the initial development or starting up stage of an organisation. Some organisations refer to their strategic plan as a development plan, so terminology can often be confusing. Development plans often cover a 1 to 3 year period, reviewed annually.

A project plan outlines the objectives and key activities related to a specific project area to be achieved within a specified timeframe. A project plan is often a 1 to 3 year period.