It ought to be simple, really. Plans should be a statement of how you will achieve your objectives, by a particular date. So, you might assume that an effective plan would comprise at least the following:
- The actions required to achieve the objectives
- The date(s) by when the actions must be completed
- The resources required to deliver the actions
However, in order to be useful, particularly when it comes to Business Planning, it’s usually also necessary to have:
- The objective clearly stated (albeit, maybe not quantified)
- A means of measuring progress towards the objective
- Targeted levels of performance
- Ownership and accountability defined
In the space of seven bullet-points, we’ve already introduced a whole set of potentially misunderstood terminology. For example:
- What’s the difference between an objective and a target?
- What do we mean by “performance”?
- What exactly does “measure progress” mean?
- Does “measurement” have to be quantifiable data?
- What’s the difference between a milestone and a target?
Read the full article on SMART Planning.
Read more about Performance Management.