The operational plan details how the organisation will accomplish the goals, objectives and strategies outlined in the strategic plan.
However many organisations run into the following problems –
- Lack of integration with strategic plans: The operational plan should be aligned with the strategic plan, and should be reviewed on a regular basis to ensure sufficient progress is being made towards achieving the objective.
- Communication failure: once operational plans are finalised; tactics, timeframes, performance indicators, resources and responsibilities must be communicated centrally. Additional problems arise when operational plans are not revised with real-time environmental updates.
- Resource planning: Operational planning must reflect the strategic planning requirements and ensure sufficient resources for goal achievement. However, many organisations do not consider market volatility and adapt operation plans accordingly.
- Data Integrity: working with unreliable out-of-date financial, market and employee data is the most common mistake operational planning.
Codec can provide a solution to solve these problems. Contact us today on 01 603 4300 or email firstname.lastname@example.org to find out more information.