What is an operational plan?
An operation plan details your company’s objective, goals, procedures, and timeline. Apparently, an operation plan helps you to employ capital and expense resources so you can meet the company’s goals within set deadlines. It outlines the steps you will take to complete the mission of the business. You can view the operation plan example and template in the attachment below.
Type of operational plan
You can divide the operations plan into two further groups. Plans designed for one-time use only, which addresses a specific problem within that phase. On the other hand, if operational planning is on-going, it remains in progress for as long as they are relevant. The operating plan is modified whenever necessary, using management interventions geared towards achieving the most attainable results.
What does an operating plan contain?
An operation plan template is a management tool concerned with how you buy, build, and prepare your goods or services. You need to see operations as a linear process so you can break it down to tasks. Hire a person responsible for the operation strategies to assist you with operational planning.
The operations plan is a section of a business plan and has a lot of interest to the investors as it provides the roadmap to success in fine detail. An operation plan answers the vital questions of operations:
Characteristic of effective operational planning
The main aim of operations plan is having a clear goal for everyone-individually and collectively. Operation objectives are essential to achieve for-all goals. For your operational objective to back your strategic objective, you have to think SMART. Your operational objectives should be:
Departmental Goals and Objectives
Operational plan is based on objectives and strategies. Each department’s goal should be different and should be geared towards helping the company to achieve its general operations objective. Moreover, operational objectives change over time in line with the changing industrial environment.
Below is an example of a local services business objective:
An operational plan is a basis for and a justification of funding. The desired outcomes should align with staffing and resource allocations. A process of monitoring steps forward during implementation ensures that set goals are met.
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In the meantime, kindly check the operational planning example attached below; it also contains operations plan template that may assist you in understanding how to create an operation plan correctly.