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What Is a Work Plan? How to Make a Work Plan In 7 Steps

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Before you can accomplish your project goals, you need to plan how to reach them. A work plan creates a clear path project teams can follow to reach their desired goals and objectives. Along that path will be resources, constraints and other work management elements that need to be described in your work plan.

What Is a Work Plan?

As its name suggests, a work plan is an action plan that helps project teams achieve their goals. Work plans factor in key project planning elements such as tasks, milestones, deliverables, resources, budgetary requirements and a timeline to weave it all together.

The work plan won’t be written and initiated by a single person and it should be submitted to board members and stakeholders for approval. Once approved, you can continue building out the rest of your work plan.

corporate work plan definition

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Why Do You Need a Work Plan?

As we mentioned, your work plan acts as your roadmap for the entire project execution. Not only will it keep you and your team organized, but it’ll ensure that you get buy-in from key stakeholders, related departments, relevant accountability/risk leaders and more.

Additionally, it helps manage expectations on both the stakeholder level as well as on the managerial and team member level—everyone that starts off on the right foot has a better chance of landing on the right foot, too.

Work plans guide project teams in a similar way project plans do. However, there’s a big difference between these two important project management documents .

Work Plan vs. Project Plan

Work plans are not as comprehensive as project plans , which have a wider scope and involve more components. The main difference between them is that project plans are created from a high-level view and address every aspect of project management. On the other hand, work plans focus on helping project teams achieve smaller objectives.

If you build your work plan in project management software like ProjectManager , then it’s easy to continue to iterate on your plan and make improvements over time. You can use robust project planning tools such as Gantt charts, kanban boards, project dashboards and much more. Get started today for free.

screenshot of a work plan on a Gantt chart

How to Make a Work Plan in 7 Steps

While work plans might take many forms, here are some simple work planning steps you can follow to make one.

1. Set Goals & Objectives

Before anything, it’s important to write down the goals and objectives that’ll be achieved through your work plan. These will describe the purpose of your plan. It’s important to use SMART goals : create goals that are specific, measurable, achievable, relevant and time-related. This should help you start your plan off on the right foot.

Your goals might sound like your purpose, but they’re more specific in that they’re more long-term oriented — i.e., your team learned more about the process of launching a bug fix or how to respond more directly to customer or market feedback.

Similarly, your project objectives should be measurable. For example, the objective of this project after launch is to create an increase of xx% of active monthly subscribers, or a certain dollar amount in revenue generated.

2. Define the Scope of Your Work Plan

Once you’ve identified your work plan goals, you should use a work breakdown structure (WBS) to identify all the tasks that must be executed to achieve them, which is your project scope. By breaking down your project scope, you can start assembling a team, estimating costs, creating a budget and drafting a project schedule.

3. Estimate What Resources Are Needed

When you break down your project scope using a WBS, you can better estimate what resources are needed for each task in your work plan. Make sure to include different types of project resources, such as human resources, raw materials, machinery, subcontractors or anything else that you might need for the execution of your work plan.

4. Assign Roles & Responsibilities

Now, assemble a project team and clearly define the roles and responsibilities of each member. Communicate with them and make sure they understand what their job is and how they can collaborate with each other.

5. Estimate Costs & Create a Budget

Once you have a clear idea of what resources are needed for your work plan, it’s time to estimate their costs and create a budget . To do so, simply establish a measurement unit for your labor, materials and other resources to then assign a price to them.

6. Create a Project Schedule

There are different tools and techniques you can use to create a project schedule for your work plan. In fact, most project managers use Gantt charts, project calendars, kanban boards

7. List Any Risks, Constraints and Assumptions

Remember that your work plan is the action plan that’ll guide your project, so the more details you have about constraints and potential risks, the better your team will perform their tasks to produce deliverables and achieve the goals and objectives.

Maybe some of your team members take a few sick days during this period of time; maybe unexpected tasks have to be executed; maybe some of your tools crash that requires more money pulled from the budget. Whatever your project constraints may be, factor in anything that might feel like a risk that can lead to a full-blown constraint, which may affect the completion of deliverables or even the goals and objectives of your project.

Free Work Plan Template

Our work plan template can help you document the steps explained above. Be sure to constantly monitor your template and update it as changes occur in your planning process. Or, if you’re looking for more dynamic project planning tools, you can use Gantt charts.

Free work plan template in ProjectManager

A work plan template can help you organize your thoughts, but in order to create your action plan and execute it, you’ll need dynamic project management software to help you throughout the planning, execution and monitoring phases.

Work Plan Example

Here’s a basic example to better illustrate how a work plan works. Let’s imagine you’re a business owner who wants to increase your production output by 25 percent by acquiring new machinery and hiring more production employees. While this project doesn’t involve producing tangible deliverables , you’ll still need a work plan.

Goals & Objectives It’s important to define one primary goal and then some smaller, more specific objectives needed for the completion of that goal.

Main Work Plan Goal Increase production output by 25 percent.

Work Plan Objectives

  • Improve the company’s production capacity by acquiring new machinery
  • Fill skill gaps in the production planning team
  • Make sure machinery is well-maintained

Scope of the Work Plan Now, you should list individual activities that must be completed in order to achieve your goal and objectives. Here’s a simple breakdown of activities.

  • Inspect the production line
  • Perform preventive maintenance
  • Optimize plant layout
  • Acquire new machinery
  • Assess the current team
  • Hire new personnel

Resources/Roles & Responsibilities In this case, you’ll need a production manager, HR manager and maintenance team. They’re responsible for executing the tasks listed above.

Work Plan Budget Your budget should cover both the labor costs as well as the cost of the new equipment. Your labor costs will be the salaries of the production manager, HR manager and maintenance team. Make sure you estimate your project costs accurately before creating a budget.

Work Plan Schedule Define a timeframe for the analysis of your production line, the procurement of new machinery, preventive maintenance and hiring.

Risk, Assumptions & Constraints Think about any risks, assumptions or constraints that might affect your work plan. The best place to start is the triple constraint of time, budget and resources.

Creating a Work Plan With Project Management Software

To learn more about how project management tools such as Gantt charts , kanban boards and project dashboards can help you make the perfect work plan, watch the short video below. We’ll quickly show you all the ways that project planning software can improve your planning, execution and reporting—so you can make that work plan with confidence.

Project management training video (kkuo0lgcxf)

ProjectManager Can Help You With Your Work Plan

Getting every detail of a work plan sorted is no easy task—from managing your team to managing your stakeholders. It requires a delicate balance of understanding your project timeline, the tasks that make up the project scope, potential risks , balancing a budget and allocating resources. Not to mention, you’ll have to do this while keeping the customers’ ultimate needs and the project goals and objectives in mind.

With ProjectManager , our online Gantt charts let you schedule your entire project timeline, assign tasks, create dependencies and oversee tracking. Additionally, we have team collaboration features that allow your staff and managers to comment on tasks, attach necessary files, and interact with each other no matter where they’re located.

ProjectManager's team management features

ProjectManager also features resource management tools that let you balance the hours worked across your team. This helps ensure that your time, tools and resources are balanced no matter what.

Related Work Management Content

  • What Is Work Management? Creating a Work Management System
  • Best Work Management Software of 2024 for Remote Teams
  • What is a Statement of Work? Definition & Examples
  • Work Breakdown Structure (WBS)

Creating a work plan and don’t know where to start? We’ve got you covered. With ProjectManager , you’ll get access to online software that helps you to better track your work plan from milestone to milestone. Start your free 30-day trial with ProjectManager  today.

Click here to browse ProjectManager's free templates

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What is a work plan?

3 great reasons to use a work plan, work plan template and examples, types of work plans, and once you knock it out of the park….

You did it — you got promoted or landed your dream job . 

After a lot of hard work, you’re ready to make your mark with your next project. You want to make a great first impression with your boss. Whether you've got big ideas to pitch or big challenges being pitched at you, execution matters.

You know that you need to communicate your ideas clearly. But you also need to communicate your ability to execute on them and rally the resources to help. That starts with demonstrating that you have a solid grasp of the nature, size, and complexity of the project.

How? By creating a work plan that shows your approach and lets others see where they fit in. A work plan isn't always right, but it gets people to ask the right questions.

So before you change the world, think about your approach. Are you following a known methodology? Your manager will need specifics, everything from your project timelines to a high-level action plan. (And, eventually, a detailed action plan.)

In short, you’ll need a work plan — a roadmap for accomplishing your work goals . Whether you want to streamline your team's workflow, build a new app, or put on the event of the century, a strategic plan will take you there.

Let’s talk about how to create a work plan t hat meets your project management goals and achieves the outcomes and impact that matter.

A work plan is a document that helps everyone communicate more clearly about the project.

A good work plan lays out the action steps needed to complete a project.

It makes clear what the desired outcome is and the major streams of activities or deliverables that will accomplish that outcome. It also highlights needed resources or participation and dependencies.  

Key stakeholders should review and provide input to a plan before the project begins. This process is lengthy, but you’ll have a clear roadmap that everyone supports when it’s ready (more on how to create an action plan and achieve your goals in a moment).

A final work plan typically includes:

  • Goals and project objectives
  • Project tasks
  • Task assignments (if working with a team) 
  • Key deliverables
  • Required resources
  • Timelines, including due dates

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It’s tempting to avoid creating such a rigorous document for your workflow. After all, this process is both complicated and somewhat time-consuming. But extra work now will pay off in the long run.

Creating a plan forces you to really consider how to achieve the objective. The process forces you to ask hard questions, like who will do the work, and is there enough time?

Here are three reasons to pull together a work plan:

1. It’ll help your team stay on task

A great work plan establishes deadlines and tasks. Listing out who is responsible for what keeps everyone accountable. People can also see how their work fits into the bigger picture. That can make it more rewarding but also helps them make better decisions.

2. Manage expectations

By the time you start the project, your plan will have made the rounds to all relevant stakeholders — including management. This process takes time and effort. But without it, people will inevitably throw curveballs at you throughout the project. (They still may but you are standing on more firm footing with a good work plan).

Everyone should be clear on what the plan requires and what it can accomplish. It surfaces mismatched expectations and different interpretations at the outset to reduce confusion and conflict down the road. Plus, it will highlight requirements and constraints that you might not have been aware of,  like special permissions, that you can add to the plan.

3. It’ll make it easy to know when to celebrate

Tracking your goals and milestones gives you a reason to celebrate with your team. Nothing feels better than crossing a significant item off the list. Plus, you can share your successes with management, making you and your team look good.

Understanding what level of detail is appropriate and how to present your plan to different stakeholders are some of the skills that BetterUp can help you develop.  

You can create a work plan in Microsoft Word, Excel, or a dedicated project management software. You can also find work plan templates online. We've provided a step-by-step template with examples below.

No matter what you choose, there are some fundamental principles to follow. First, start simple. At every step, try to tell a clear, easily understood story. Second, get test it on the high-level before you get too detailed. Share it with your manager, experienced team members, or trusted peers and listen for what resonates or where they have questions.

An example can help you understand how the process works. So imagine you’re the head of a public relations department at an outdoor equipment company. In this role, one of your goals is to organize a fundraiser for a high-profile local not-for-profit. Let’s prepare your work plan to pitch to your CEO. 

Woman-Drawing-Charts-On-White-Board-how-to-create-a-work-plan

Step 1: Define the “why” of your project

In your work plan document, you’ll need to explain: 

  • The purpose of this endeavor. How does it fit into the company's big picture? What will it bring to the organization? Provide a clear explanation .
  • The background and wider context of this project. Demonstrate where the project fits in the company's business plan or key objectives. It can also be helpful to show how the project fits into the company’s core values . 

In the outdoor equipment company’s case, you want to show the company’s commitment to the local community. This helps build trust with customers and employees, who are the pillars of the company’s success.

And because you sell outdoor equipment, your charity of choice is an environmental group. This perfectly aligns with the outdoorsy image of your organization. 

Step 2: Set your project schedule

It’s always good to have a clear deadline for a project . A time-bound project helps you to prioritize and get things done. Plus, having a deadline can help you manage your time effectively . 

In this example, your time frame is clear: You have until the date of the event. Pick a placeholder date to help you establish the schedule. Keep in mind the event date could change during discussions with stakeholders.

You will also need start dates and end dates for each aspect of the project, such as creating promo materials and guest invitations. Determine which of these dates are fixed and which have some flexibility. Don't create a plan that relies on the best-case scenario every step of the way.

Be sure to assign team members to these tasks. 

Step 3: Clearly state your goals

This is where you list clear, achievable objectives. Consider using the SMART goals technique . This will help you brainstorm specific, measurable, attainable, relevant, and time-based objectives.

Be sure to also define key performance indicators (KPIs). These are the tools you need to measure success.

For your fundraiser, a donation goal of $100,000 and an attendance rate of 50% would be reasonable indicators of success. 

Step 4: Go over your constraints

Your goals should be consistent with your chosen timeline, budget, and resources. You probably found barriers in the planning process, so make sure the project’s scope is realistic. Don’t promise a moon landing if you don’t have money for a rocket.

Your event should have a realistic way of meeting its goals of $100,000. Does your company have connections in the community? Will you have many high-profile guests who can make large donations? Are they guaranteed to show up if they RSVP? 

Answer these questions honestly, think imaginatively about alternatives, and adjust your goals accordingly.

Team-Working-Together-how-to-create-a-work-plan

Step 5: Discuss risk and accountability

Think of your plan from every angle . What are your core dependencies? What could go wrong? Whether it’s unexpected employee turnover or bad weather forcing the event indoors, be clear about what could prevent an ideal outcome and have a backup plan. Have several and specify what conditions would trigger a contingency plan in advance.

Every work plan will be different. As t his work plan template shows they vary  depending on the type of project, the number of people involved, and who will be using the plan each day 

The nature of these strategies makes them hard to categorize, but we can boil them down to two major types: 

Employee work plan

These plans are smaller in scope, focusing on simple projects within a department. They aim to help your team achieve its internal goals — thus negating the need for upper management approval. Usually, these small projects fall within your purview as a department head or manager.

An employee work plan includes things like:

Project goals

Materials and expenses required for the project

Deadlines and estimated date for completion

Colleagues-Planning-Together-how-to-create-a-work-plan

Manager work plan

A manager's work plan is more appropriate for large projects. They involve long-term goals and strategies, and may require help from other departments. These projects tend to have:

The projected impact on the company

Detailed risk analyses

Granular cost breakdowns and budgets

Because of their size and complexity, these plans often require approval from the higher-ups.

Let’s come back to your mountain equipment company fundraiser. This project would be considered a manager plan. It’s expensive, could significantly impact the company’s brand image, and involves multiple stakeholders outside of your department. Within the plan, you might find tasks that you can assign to your employees on a smaller scale — but that’s still part of the manager’s role. 

Project management plans are essential for any team leader , but they’re not everything. Having and communicating a vision and leading a team all the way through execution are important skills. Now that you kn ow how to create a solid work plan, yo u’re on your way.

BetterUp can help you level up your leadership skills to get everyone on board with your work plans. We’re here to help you create a plan to crush your goals (in the best possible way).

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Elizabeth Perry

Content Marketing Manager, ACC

Member story: working effectively with stakeholders on complex projects

How to create a scope of work in 8 steps, the best work-life balance jobs to improve your well-being, how to get permission for taking a sabbatical from work, take the initiative: a how-to guide in 10 steps, the pros and cons of working as a contractor versus an employee, 5 team alignment tactics to boost organizational performance, find the purpose of work by creating purpose in your work, improve your interpersonal communication skills with these 6 tips, similar articles, how to excel at life planning (a life planning template), your 6-step guide on how to make an action plan for management, learn what process mapping is and how to create one (+ examples), hit the ground running with this ultimate 30-60-90 day plan, what’s a project scope, and how do you write one, building influence without authority: be the change you want to see, what is an action plan how to become a real-life action hero, strategic plan vs. work plan: what's the difference, stay connected with betterup, get our newsletter, event invites, plus product insights and research..

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How to Write a Work Plan

Last Updated: September 10, 2022 Fact Checked

This article was co-authored by Sydney Axelrod . Sydney Axelrod is a certified life coach and the owner of Sydney Axelrod LLC, a life coaching business focused on professional and personal development. Through one-on-one coaching, digital courses, and group workshops, Sydney works with clients to discover their purpose, navigate life transitions, and set and accomplish goals. Sydney has over 1,000 hours of relevant coaching certifications and holds a BBA in Marketing and Finance from Emory University. There are 10 references cited in this article, which can be found at the bottom of the page. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 1,691,959 times.

A work plan is an outline of a set of goals and processes by which a team and/or person can accomplish those goals, and offering the reader a better understanding of the scope of the project. Work plans, whether used in professional or academic life, help you stay organized while working on projects. [1] X Research source Through work plans, you break down a process into small, achievable tasks and identify the things you want to accomplish. Learn how to write a work plan so that you can be prepared for upcoming projects.

Mapping out Your Work Plan

Step 1 Identify the purpose for your work plan

  • In the workplace, work plans help your supervisor know what projects you will be working on over the next several months. These often come right after an annual performance review or as teams undertake large projects. Work plans can also be the result of strategic planning sessions your organization holds at the beginning of a new calendar or fiscal year.
  • In the academic world, work plans can help students create a schedule for a large project. They can also help teachers plan their course material for the semester.
  • For a personal project, work plans will help you delineate what you intend to do, how you intend to do it, and by what date you intend to have it done. Personal work plans, while not strictly necessary, will help the individual keep track of his/her goals and progress.

Step 2 Write the introduction and background.

  • The introduction should be short and engaging. Remind your superiors why you are creating this work plan. Introduce the specific project(s) you will be working on during this time period.
  • The background should highlight the reasons you are creating this work plan. For example, recite details or statistics from recent reports, identify problems that need to be addressed, or build off of recommendations or feedback you received during previous work projects.

Step 3 Determine your goal(s) and objectives.

  • Goals should focus on the big picture of your project. List the desired ultimate outcome of your work plan. Keep it broad; for example, make your goal be to complete a research paper or to learn more about writing.
  • Objectives should be specific and tangible. In other words, you should be able to check these off your list when you accomplish them. For example, finding people to interview for your research paper would make a good objective.
  • Many work plans break down objectives into short- , middle- , and long-term objectives if they vary significantly. For example, a company's short-term goal to increase viewership 30% in three months may vary significantly from its long-term goal to strengthen brand visibility in social media outlets over the next year. [5] X Research source
  • Objectives are generally written in the active voice and use action verbs with specific meanings (e.g. "plan," "write," "increase," and "measure") instead of verbs with vaguer meanings (e.g. "examine," "understand," "know," etc.). [6] X Research source

Step 4 Consider ordering your work plan by

  • Specific . What exactly are we going to do for whom? Lay out what population you are going to serve and any specific actions you will use to help that population.
  • Remember that a baseline number needs to be established to quantify change. If you don't know the incidence rate of HIV/AIDS among South African newborns, it's going to be impossible to reliably say that you decreased incidence rates by 20%.
  • In some cases, an expert or authority may need to be consulted to figure out if your work plan objectives are achievable.
  • Relevant . Will this objective have an effect on the desired goal or strategy? Although it's probably important for overall health, does measuring the height and weight of high-schoolers directly lead to change in mental health procedures? Make sure your objectives and methods have a clear, intuitive relationship.
  • Time bound . When will this objective be accomplished, and/or when will we know we are done? Specify a hard end date for the project. Stipulate which, if any, outcomes would cause your project to come to a premature end, with all outcomes having been achieved.

Step 5 List your resources.

  • At the workplace, resources can include things like financial budget, personnel, consultants, buildings or rooms, and books. A detailed budget may appear in an appendix if your work plan is more formal.
  • In the academic arena, resources may include access to different libraries; research materials like books, newspapers, and journals; computer and Internet access; and professors or other individuals who can help you if you have questions.

Step 6 Identify any constraints.

  • List specific action steps. Identify what needs to happen each day or week for you to complete your objectives. [10] X Trustworthy Source Kansas University Center for Community Health and Development Community-based research center focused on supporting public health development and education Go to source Also, list steps other people on your team will need to take. Consider using project management software or a personal calendar to keep this information organized.
  • Create a schedule. Though you can create a tentative work schedule, realize that unexpected things happen and you need to build space into your schedule to prevent falling behind.

Sample Plan and List of Things to Include

corporate work plan definition

Expert Q&A

  • Identify milestones if your project is especially large. Milestones are points throughout the project that highlight meeting certain objectives. They can also serve as a point of reflection, allowing you to look at here you are in the process and make sure you are still on track with the work plan. [11] X Research source Thanks Helpful 0 Not Helpful 0
  • Make your work plan work for you. Work plans can be as detailed or as broad as you would like or need them to be. They can be written on a piece of paper or created on professional software, using graphics and colors. Use what is most natural and effective for you. Thanks Helpful 1 Not Helpful 0

corporate work plan definition

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  • ↑ https://www.insightful.io/blog/how-can-strategic-planning-improve-your-productivity
  • ↑ http://cec.vcn.bc.ca/cmp/modules/pm-pln.htm
  • ↑ https://www.betterup.com/blog/how-to-create-a-work-plan
  • ↑ Sydney Axelrod. Certified Life Coach. Expert Interview. 30 June 2020.
  • ↑ https://smallbusiness.co.uk/short-mediumand-longterm-objectives-27759/
  • ↑ http://rootedinrelationships.org/file_download/inline/1301eeee-df67-48b0-8445-f7daed9331b8
  • ↑ SMART" objectives
  • ↑ https://www.projectmanager.com/blog/make-work-plan
  • ↑ https://ctb.ku.edu/en/table-of-contents/structure/strategic-planning/identify-action-steps/main
  • ↑ https://www.projectmanager.com/blog/milestones-project-management

About This Article

Sydney Axelrod

To write a work plan, start by defining a specific, measurable goal that you want to accomplish, like increasing sales by 50% by the end of the year. Then, list the resources that are available to help everyone involved accomplish the goal. You'll also want to mention any constraints or obstacles that might get in the way and how you plan on dealing with them. Also, make sure you clearly explain to everyone involved what they're accountable for. Finally, come up with a strategy for how you and your team are going to be successful. To learn more about how to break your plan into short-term and long-term goals, keep reading! Did this summary help you? Yes No

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How to develop an effective work plan in minutes

In order to develop an effective work plan you'll need to clearly understand what you're trying to achieve. ensuring a favorable outcome of a work plan often comes down to the manner in which you manage your goals and objectives, and how you measure success. a ready-made, customizable work plan template is an intelligent first step to reaching your goals..

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What is a work plan?

Manage any plan or project in an intuitive way with monday.com.

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4 tips for creating a successful work plan

  • Work your way backwards from the final goal Planning activities can be accomplished by working backward from the final goal with core initiatives arranged hierarchically. Developing the plan can be achieved through iterative refinements of strategy, objectives and the underlying tactics. Gating factors should be accounted for in the development of a straw man outline. The main objectives and summary checklist should be included as the first step of the process.
  • Establish goals with measurable deliverables Once the project outline is complete, it’s important to define clear realistic deliverables as part of the action plan. Milestones allow progress to be tracked against deliverables within a results-oriented framework. A timeline can be instrumental in identifying what needs to happen and when.
  • Create realistic objectives that are relevant to the stated goals A good plan will often fan out from goal to tactic. For example, a single goal might be supported by a small number of strategies, each with a single or a small number of objectives. Objectives will often contain many tactics which should comprise the concrete actions to be accomplished within an achievable time frame. The more granular the tactical plan, the easier it will be to follow. Tasks can often be broken down into sub-tasks which represent individual units of work resulting in identifiable deliverables. As the project commences, it's important to track against the agreed-upon deliverables.
  • Define responsibilities and roles in the work plan Allocating responsibilities among designated stakeholders with clearly assigned tasks is a key component of the operation plan. That way, all members of the team can function according to the team charter.

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How to Create a Work Plan

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  • Guidelines for Conducting a Project Audit
  • How to Uninstall Apache Server

Businesses use a work plan to organize large projects. A work plan gives everyone on the team the project framework and the background, goals and timelines are defined for the overall project. A work plan then breaks down the tasks, and assigns different items to different project members, giving them individual timelines.

A well-written work plan enables a project manager to oversee the big picture while managing smaller project components. When creating a work plan for your next big project, incorporate common sections.

Introduction and Background

Introduce your project by explaining its purpose, and the key reasons why it is necessary. Also provide a background of historical and statistical data as it relates to the project's objective, so that it supports why the project will resolve a specific problem or issue. This doesn't need to be a long section, but it must define concisely what the project is about.

Project Scope and Team

Elaborate on the purpose of the project by defining the project's entire scope. Explain the problem and how the project delivers the needed solution. Break things down, and define the departments or who are the key players and what are their assignments.

For example, a mortgage company needs a new secured server that has upgraded client data security. The company project lead or an internet tech-company consultant creates a work plan that explains how the company and its team will work with existing key mortgage company personnel who will develop a new server system, and will have a strategic plan to migrate the data in a seamless fashion.

Schedule and Timelines

Time is money, and business owners can't have projects that drag on. A well-written work plan sets a deadline for the project's completion and establishes timelines for the key project deliverables. Specific teams or specific individuals are assigned tasks, including notifying a new department when the task is completed, which triggers a new deliverable timeline.

You might find that some tasks on a project operate simultaneously while other tasks cannot start until someone else delivers his part of the project. For example, with the IT secured server, the data cannot migrate until the security protocol is complete. But a compilation of client data and key company information can be compiled while the security protocol is being created so that the data is prepared when the server is ready.

Budget Planning and Monitoring

Every work plan needs to establish a budget. Budgets are often defined by a project's total cost and are then further broken down into department or subcontractor costs. Some project managers account for hourly wages and the necessary overtime so they can implement final components during a large project.

Project managers must continuously monitor the budget on the project, especially if hourly wages and overtime are part of the budget. Underestimating the amount of time that employees devote to a project can quickly lead to overspending and running out of money before the project is complete. Keep the team moving quickly and efficiently to stay on budget.

Quality Control and Continuity Plan

Project managers must review the deliverables and monitor its progress, making sure that things are done properly. When a big project is done, two courses of action result. The first is to implement and move on. The second is to implement and maintain.

With the example of the IT server creation for the mortgage company, the project manager should have the ability to make sure that the correct data is being compiled for migration to test deliverables at various times to make certain that things are working properly.

Secondary Plans for Some Projects

This type of project needs maintenance. Establish a secondary plan that has a budget to review, and to troubleshoot and maintain the server. The continuity plan might move some outside contractors to internal maintenance or might contract the vendor to periodically work on the system to upgrade items and troubleshoot problems. A work plan should look beyond the main project completion so that it is a comprehensive plan.

  • Community Empowerment Collective: Guidelines for Preparing a Work Plan
  • Project Manager: How to Create a Project Management Plan
  • Cornell University ILR School: Work Plan Template
  • You can do this on paper or you can do it on your computer. Choose the method that fits best with you.
  • If creating a work plan for a team, assign the various tasks to your team members.

With more than 15 years of small business ownership including owning a State Farm agency in Southern California, Kimberlee understands the needs of business owners first hand. When not writing, Kimberlee enjoys chasing waterfalls with her son in Hawaii.

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Corporate Work Plan (CWP)

Corporate Work Plan (CWP) is part of the FAA’s Office of Finance & Management, Financial Services (AFN-ABA). CWP is an FAA system used for managing the full lifecycle of programs/projects associated with the establishment, modernization, and sustainment of the National Airspace System (NAS) and infrastructure projects from inception through capitalization. The system is used by project managers and others who have a need for the project management information. CWP is authorized under 49 United States Code (U.S.C.) 40101; 49 U.S.C. 40104; and 49 U.S.C. Chapter 471.  

The FAA is publishing this Privacy Impact Assessment (PIA) for the CWP in accordance with Section 208 of the E-Government Act of 2002 because the system processes personally identifiable information (PII) from members of the public, who are vendors who conduct business with the FAA and may use their own name, address, phone number for their business contact information, including the Data Universal Numbering System (DUNS) Number. The vendor information is imported from the FAA Comprehensive Procurement Management System (PRISM), and is imported to PRISM from other systems, not directly from the vendors.   

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Corporate Planning Definition – Strategy, Importance, Objectives and Elements

March 30, 2021 | By Hitesh Bhasin | Filed Under: Management

Corporate planning is a type of strategic planning , responsible for mapping out a course of strategies and their implementations to empower top- management . It optimizes exposure, reach, leads, sales, profits, credibility, loyalty, sustainability , and opportunities of a business .

With the help of corporate strategic planning, a business can efficiently channelize corporate management by leveraging its resources with better acumen than the other market players.

Businesses of any size should incorporate such strategic planning, as it offers-

  • Clarity & Direction
  • Efficient use of resources
  • A way of measuring progress
  • Optimized decision-making
  • Better coordination in business activities
  • Effective allocation of responsibilities
  • Motivation and guidance to members
  • Analysis Strengths and weaknesses along with opportunities and threats via SWOT analysis , etc.

All in all, corporate planning empowers any kind of business to accomplish its business goals in a more effective and organized manner.

Table of Contents

Corporate Planning Definition

Corporate Planning is defined as forming long-term goals and objectives within the organization’s strengths and weaknesses in the existing and prospective environment.

This is done to ensure the achievement of their plans by combining their short-term and long-term objectives or bringing amendments in the structural working in the organization’s composition.

In the words of David E. Hussey, writer of the book- Corporate Planning: Theory and Practice-

Corporate planning includes the setting of objectives, organizing the work, people and systems to enable those objectives to be achieved, motivating through the planning process and through the plans, measuring performance and so controlling progress of the plans and developing people through better decision-making, clearer objectives, more involvement, and awareness of progress.

What is Corporate Planning Strategy?

Corporate Planning is a strategic process applied by several business organizations to form a roadmap to grow in the market, enhance profits, gain industrial exposure, and strengthen brand identity.

It is a vital tool that successful business organizations use to leverage their existing resources better and more analytically than competitors.

It is the determination of business goals, formulation of diverse strategies for attaining objectives, transforming the goals into tactical plans, implementing and reviewing it to find out the progress of strategies, and finding out loopholes.

Different factors around which corporate planning is channelized via effective SWOT analysis and process of corporate management are-

  • Creation of long-range corporate goals and objectives.
  • Analysis of Macro and Micro Environments .
  • Analysis of Strengths and weaknesses of the business
  • Coordination between short term and long term business plans
  • Structural changes in the business
  • Implementation of the strategic plan as per business goals
  • Adept use of scarce financial resources.
  • Right evaluation of performance as well as feedback for purposeful corporate planning

Importance of Strategic Corporate Planning

Long-term goals

In the current modern era, corporate planning holds a crucial position in a business organization, be it large-sized, medium, or even a new entrant.

The importance of corporate planning can be justified because some companies even hire departmental corporate managers to check the industry’s current scenario and the current status of the organization in the market.

Some of the points that describe the need and importance of corporate planning are mentioned below:

1. Long-term goals

Corporate Planning broadly focuses on long-term goals and sets a blueprint to achieve them in a stipulated period. Long-term goals help an organization keep its core focus on maintaining its efforts, workforce, and efforts on a pre-decided target .

Corporate Planning keeps the employees engaged in their respective tasks with deadlines and ensures effectiveness and efficiency . It also brings harmony, peace, and cooperation among the employees and supervisors in a firm as they all smoothly work towards a common objective.

A strategic business plan helps a business organization provide a focal point not to get deviated or distracted from its end goal. The first and foremost step of corporate planning involves devising a mission statement that tells the world its roles and objectives.

Formulation of a mission statement aids the firm stick to its focus, do all the requisite tasks, assign responsibilities to the employees, and evaluate their work to achieve that final destination.

3. Better Decisions

Developing a strategic plan helps a company make better decisions that are beneficial and helpful in attaining the mission statement. A corporate plan should be structured to spell all the information in the organization’s interest, like the skills required with the employees, machinery or equipment required, etc.

Forming a roadmap to achieve the final goal helps the business people hire the best personnel for their form, arrange funds according to the tasks, and further invest in the most viable propositions.

4. A Measure of Success

Corporate planning also acts as a yardstick to determine an organization’s success in achieving its goals. A firm shall periodically analyze its work to check its progress and make further amendments like replacing personnel, hiring more employees, arranging more funds, upgrading the machinery, etc.

Finding, evaluating, and analyzing the loopholes periodically that block the ways of achieving the mission statement helps in the upgradation of the work and ensure efficiency and effectiveness of the tasks devised. The touchstone function of corporate planning works best in the organizations that devise plans that allow for changes in attaining the tasks.

5. Saves money

The extra benefit associated with corporate planning is that it forms budgets that help save substantial sums. Budgeting allows a firm to allocate its financial resources to the projects that require it the most by cutting out unimportant expenses.

Having a detailed budget tells how much cash is earned, spent, or lent. This wipes out confusion regarding the amount of money allocated to different projects.

Objectives of Corporate planning in Management

Following are the basic objectives of corporate plans:

1. Setting a strategy

The fundamental objective of framing a corporate plan is setting a business strategy . At this stage, companies should look at the opportunities and analyze the threats in the market. For this, they can make a SWOT analysis and select viable propositions for investing their funds.

2. Planning the operations

Once a firm knows its mission statement, it can use these objectives and find ways of attaining them. The sole purpose of corporate planning is to help a firm plan and prepare a list of resources it requires to deliver to achieve its goals.

3. Monitoring and Control

There should be measurable indicators present in a strategic plan to evaluate the progress of the work rate vis-à-vis the initial plans. It mainly includes financial theory related to accounts, the value of output, etc.

Establishing and forming well-devised instruments to devise annual reports is a crux to a successful corporate plan. Since the market environment constantly changes with events happening in the economy, a company regularly needs to review its plans, policies, and even rules and regulations associated with the operations.

Elements of Successful Corporate Plan

Gathering information

There are six elements in a successful corporate plan:

1. Gathering information

Having all the information related to the firm, industry, and competitors are the primary step towards a well-defined corporate plan. Either a business is big or small, it should be aware of the happenings in the market in its sectors, find out opportunities, grab them at the right moment and beware of the threats.

2. Set the objectives of the plan

Having a well-devised mission statement helps a firm stick to its focus of achieving it and keeps all the strategic work smooth in operations. Setting objectives helps form a clear mind about the work done, and the purpose of doing the work makes it fascinating.

3. Devise strategies to meet goals

Having a blueprint helps in effectively achieving the objectives. Forming strategies define the work to be done by the employees. Managers and leaders mainly devise strategies considering the funds available, personnel in the organization, and the deadline to achieve the requisite target. It brings efficiency to the operations of a business.

4. Implementing the plan

The next step is to implement the plans effectively. It involves the execution of the assigned tasks by the personnel within the guidelines and deadlines set. It involves the execution of the assigned tasks by the personnel within the guidelines and deadlines set.

5. Monitor plan performance

An organization should monitor its work by forming progress reports, finding the drawbacks, and work on them immediately.

6. Evaluate the effectiveness of the plan

In the end, a firm should see if the corporate strategy devised by it is competitive or up to the market standards. A plan should be challenging to achieve. A plan that is easy to achieve may not be a viable option in the existing scenario. This may require the organization to reset its plans and considering the market standards.

What to include in a Strategic Corporate Plan?

1. vision statement.

The vision statement of a business talks about business goals that it is supposed to achieve. While planning your corporate strategy , it is important to focus on your vision statement. You should also plan as per your short as well as long term goals. Your goals should be backed for your strategic planning, plus your goals should also be SMART.

2. Mission statement

Next thing upon which you should pay heed while making corporate planning is a mission statement. It tells you how you are going to achieve your vision statement. It will let you know what you are planning to offer, the target market , and the USP of your company. It will offer an elevator pitch to your corporate planning just in a few lines.

3. Resources and scope

Your corporate planning should also pay attention to things that you have in your organization such as your systems, structures, employees, products, accounting, assets, divisions, programs, finance, etc that play a key role in accomplishing your goals. You need to map the current structural existence of your organization to have a proper view of things incorporated and associated with your organization.

4. Objectives

You should also include different business objectives and the ways you are going to measure success in your corporate planning strategy. Here, your objectives need to be measurable, strategic, realistic, achievable, and time-driven. Including vague objectives in your corporate planning statement is of no use here. Different types of objectives might include financial objectives, customer objectives, internal objectives, learning , and growth objectives.

5. Strategies

Finally, you should include strategies that will help you accomplish your business objectives. Such strategic planning can be for launching any new product , or decreasing labour costs by a certain percentage, but your strategies have to directly address the associated objectives. You should also chalk out a proper plan for implementing those strategies.

Here is a video by Marketing91 on Corporate Planning.

Corporate planning vs. Business Planning

Business planning involves strategies that a business uses and applies to attain its goals and objectives. Corporate planning consists of strategies that the employees follow to meet the objectives of an organization. The following points highlight the difference between corporate planning and business planning:

1. Interdependency

A business plan may exist without a corporate plan, but its strategies are linked with corporate plans. Without business planning, the goals and objectives of a firm would be ambiguous. Thus, both business plans and corporate plans are complementary to each other.

A planning process aids a business to succeed in the market and suggests new directions and amendments as per the industry’s short as well as long-range requirements. Thus, there can be several diversified effects on business and corporate plans.

3. Considerations

Corporate planning reviews each step of the working of an organization devised for achieving the mission statement. However, a business plan focuses on the organization’s overall goals, objectives, and progress. To evaluate the tasks, a business should consider several factors such as progress rate, personnel performance, requisite funds for further operations, and many more.

Corporate Planning Jobs in an Organization

Corporate Planning Jobs in an Organization

Corporate Planning jobs fall under the broader career category of Chief Executives. Corporate planners are responsible for determining and formulating policies and strategies to offer an overall direction for the companies as per the guidelines suggested by the board of directors .

Strategy planning in such jobs revolves around planning, directing, and coordinating different activities at the top-most level of management by taking the services of staff managers and subordinate executives. Corporate planner jobs are also understood as strategic planner jobs.

Common corporate planning jobs are-

  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information from all relevant sources
  • Communicating with Persons Outside Organization
  • Directing, Guiding, and Motivating Subordinates
  • Developing and Building Teams
  • Establishing and Maintaining Interpersonal Relationships
  • Developing Objectives and Strategies
  • Monitoring and Controlling Resources
  • Analyzing Data or Information
  • Judging the Qualities of Things, People, and Services
  • Resolving Conflicts and Negotiating with Others
  • Evaluating Information to Determine Compliance with Standards
  • Identifying Objects, Actions, and Events
  • Interacting With Computers
  • Organizing, Planning, and Prioritizing Work
  • Interpreting the Meaning of Information for Others
  • Updating and Using Relevant Knowledge
  • Compiling, categorizing, coding, calculating, auditing, tabulating, or verifying information or data
  • Coordinating the Work and Activities of Others
  • Coaching and Developing Others
  • Thinking Creatively
  • Staffing Organizational Units
  • Selling or Influencing Others
  • Monitor Processes, Materials, or Surroundings
  • Provide Consultation and Advice to Others
  • Estimating the Quantifiable Characteristics of Products, Events, or Information
  • Scheduling Work and Activities
  • Performing Administrative Activities
  • Training and Teaching Others
  • Performing for or Working Directly with the Public
  • Documenting/Recording Information

Wrapping Up!

The corporate planning process is an activity that involves a series of steps to be followed to achieve the end goal. Specifically, it involves a process that personnel in an organization does to achieve the mission statement.

The process to attain the end goal involves strategies at each level or department with clear and detailed tasks assigned to them within stipulated deadlines. The employees then execute the tasks assigned by their leaders and mentors following some guidelines.

Then managers and leaders analyze the work, make amendments to that, and suggest further improvement guidelines. The organization then check the viability of its plan in terms of its difficulty, market standards, and check whether it is practically achievable or not. Further changes to plans are made after evaluating previous plans to upgrade the formation of plans.

On the concluding note, we hope you would have understood what corporate planning is and how crucial it is for an effective business plan to get favorable outcomes.

Liked this post? Check out the complete series on Management

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About Hitesh Bhasin

Hitesh Bhasin is the CEO of Marketing91 and has over a decade of experience in the marketing field. He is an accomplished author of thousands of insightful articles, including in-depth analyses of brands and companies. Holding an MBA in Marketing, Hitesh manages several offline ventures, where he applies all the concepts of Marketing that he writes about.

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  • Business Continuity Plan Basics
  • Understanding BCPs
  • Benefits of BCPs
  • How to Create a BCP
  • BCP & Impact Analysis
  • BCP vs. Disaster Recovery Plan

Frequently Asked Questions

  • Business Continuity Plan FAQs

The Bottom Line

What is a business continuity plan (bcp), and how does it work.

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What Is a Business Continuity Plan (BCP)? 

A business continuity plan (BCP) is a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and are able to function quickly in the event of a disaster.

Key Takeaways

  • Business continuity plans (BCPs) are prevention and recovery systems for potential threats, such as natural disasters or cyber-attacks.
  • BCP is designed to protect personnel and assets and make sure they can function quickly when disaster strikes.
  • BCPs should be tested to ensure there are no weaknesses, which can be identified and corrected.

Understanding Business Continuity Plans (BCPs)

BCP involves defining any and all risks that can affect the company's operations, making it an important part of the organization's risk management strategy. Risks may include natural disasters—fire, flood, or weather-related events—and cyber-attacks . Once the risks are identified, the plan should also include:

  • Determining how those risks will affect operations
  • Implementing safeguards and procedures to mitigate the risks
  • Testing procedures to ensure they work
  • Reviewing the process to make sure that it is up to date

BCPs are an important part of any business. Threats and disruptions mean a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the customers who move to the competition. It is generally conceived in advance and involves input from key stakeholders and personnel.

Business impact analysis, recovery, organization, and training are all steps corporations need to follow when creating a Business Continuity Plan.

Benefits of a Business Continuity Plan

Businesses are prone to a host of disasters that vary in degree from minor to catastrophic. Business continuity planning is typically meant to help a company continue operating in the event of major disasters such as fires. BCPs are different from a disaster recovery plan, which focuses on the recovery of a company's information technology system after a crisis.

Consider a finance company based in a major city. It may put a BCP in place by taking steps including backing up its computer and client files offsite. If something were to happen to the company's corporate office, its satellite offices would still have access to important information.

An important point to note is that BCP may not be as effective if a large portion of the population is affected, as in the case of a disease outbreak. Nonetheless, BCPs can improve risk management—preventing disruptions from spreading. They can also help mitigate downtime of networks or technology, saving the company money.

How To Create a Business Continuity Plan

There are several steps many companies must follow to develop a solid BCP. They include:

  • Business Impact Analysis : Here, the business will identify functions and related resources that are time-sensitive. (More on this below.)
  • Recovery : In this portion, the business must identify and implement steps to recover critical business functions.
  • Organization : A continuity team must be created. This team will devise a plan to manage the disruption.
  • Training : The continuity team must be trained and tested. Members of the team should also complete exercises that go over the plan and strategies.

Companies may also find it useful to come up with a checklist that includes key details such as emergency contact information, a list of resources the continuity team may need, where backup data and other required information are housed or stored, and other important personnel.

Along with testing the continuity team, the company should also test the BCP itself. It should be tested several times to ensure it can be applied to many different risk scenarios . This will help identify any weaknesses in the plan which can then be corrected.

In order for a business continuity plan to be successful, all employees—even those who aren't on the continuity team—must be aware of the plan.

Business Continuity Impact Analysis

An important part of developing a BCP is a business continuity impact analysis. It identifies the effects of disruption of business functions and processes. It also uses the information to make decisions about recovery priorities and strategies.

FEMA provides an operational and financial impact worksheet to help run a business continuity analysis. The worksheet should be completed by business function and process managers who are well acquainted with the business. These worksheets will summarize the following:

  • The impacts—both financial and operational—that stem from the loss of individual business functions and process
  • Identifying when the loss of a function or process would result in the identified business impacts

Completing the analysis can help companies identify and prioritize the processes that have the most impact on the business's financial and operational functions. The point at which they must be recovered is generally known as the “recovery time objective.”

Business Continuity Plan vs. Disaster Recovery Plan

BCPs and disaster recovery plans are similar in nature, the latter focuses on technology and information technology (IT) infrastructure. BCPs are more encompassing—focusing on the entire organization, such as customer service and supply chain. 

BCPs focus on reducing overall costs or losses, while disaster recovery plans look only at technology downtimes and related costs. Disaster recovery plans tend to involve only IT personnel—which create and manage the policy. However, BCPs tend to have more personnel trained on the potential processes. 

Why Is Business Continuity Plan (BCP) Important?

Businesses are prone to a host of disasters that vary in degree from minor to catastrophic and business continuity plans (BCPs) are an important part of any business. BCP is typically meant to help a company continue operating in the event of threats and disruptions. This could result in a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the customers who move to the competition.

What Should a Business Continuity Plan (BCP) Include?

Business continuity plans involve identifying any and all risks that can affect the company's operations. The plan should also determine how those risks will affect operations and implement safeguards and procedures to mitigate the risks. There should also be testing procedures to ensure these safeguards and procedures work. Finally, there should be a review process to make sure that the plan is up to date.

What Is Business Continuity Impact Analysis?

An important part of developing a BCP is a business continuity impact analysis which identifies the effects of disruption of business functions and processes. It also uses the information to make decisions about recovery priorities and strategies.

FEMA provides an operational and financial impact worksheet to help run a business continuity analysis.

These worksheets summarize the impacts—both financial and operational—that stem from the loss of individual business functions and processes. They also identify when the loss of a function or process would result in the identified business impacts.

Business continuity plans (BCPs) are created to help speed up the recovery of an organization filling a threat or disaster. The plan puts in place mechanisms and functions to allow personnel and assets to minimize company downtime. BCPs cover all organizational risks should a disaster happen, such as flood or fire.  

Federal Emergency Management Agency. " Business Process Analysis and Business Impact Analysis User Guide ." Pages 15 - 17.

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Definition of a Work Plan

by David Weedmark

Published on 13 Sep 2019

Work plans are often associated with project management, but you don't have to be a certified project manager to benefit from the efficiency work plans can bring to your business. Any job that you need to do, from mopping floors to installing a new computer network, can be described as a project. A work plan describes any project from beginning to end, detailing what needs to be done, when it needs to be done and, when appropriate, how much should be spent. A work plan can be designed for one employee or a team working on the same project.

Work plan definition: A strategy designed to solve problems and boost employee productivity by listing the goal, strategy, tasks, objectives and tactics for any project.

 Importance of Work Plans

If employees don't know exactly what's expected of them, it would unreasonable to expect them to excel at their jobs. A small business owner may know every facet of a project, but to employees — especially when they're new — the process may look like a labyrinth.

A work plan is much like a road map, detailing the project from beginning to end. It serves two purposes. First, it's a way of planning the project as you're writing it. Secondly, it serves as a guide to employees to ensure nothing has been missed.

Components of a Work Plan

In most cases, a work plan describes the purpose or goal of the project, what strategies and tactics you want to be used, the specific tasks that are required to complete the project and its objectives.

  • Goal: This is the purpose of the project and, in most cases, identifies the project completion. 
  • Strategy: This is a brief statement explaining how the project should be accomplished. 
  • Tasks: Specific tasks that need to be accomplished to reach the goal.   

Objectives: These are measurable or quantifiable

steps that lead toward the project goal. Often described as deliverables, these may be important tasks or the results of some tasks. * Tactics: These are specific ways in which a task should be done. 

In some cases, strategies and tactics may be very detailed or just give brief instructions on the methods you want to be used in the project. In all cases, however, the tasks and objectives should be as specific as possible. In other words, it may not always be important to describe how something should be done, but it's always important to specify what must be done.

Work Plan Examples for Employees

Depending on the size and scope of a project, a work plan could consist of just a few tasks or several dozen. For a basic work plan, suppose you need someone to qualify sales leads for your business that you gathered at a recent trade show. A simple work plan may read as follows:

  • Goal: To qualify 100 sales leads.
  • Objective: To book 35 sales appointments.
  • Strategy: To speak to each person who provided a phone number and book an appointment for the sales team. 
  • Task 1: Call each person, introduce yourself and explain why you're calling. 
  • Task 2: Read the sales script and book a sales appointment.
  • Task 3: Confirm the prospect's name, email address and physical address.
  • Task 4: Enter the appointment date in the calendar.
  • Tactics: Speak in a pleasant, professional manner. Stand while speaking and smile. People can hear the difference in your voice when you smile.

As another example, suppose you own a small retail shop and it's time to do inventory. You've recently purchased a barcode reader and want everything scanned and entered into a spreadsheet. In this example, the tactics represent what-if scenarios to help the employees should they encounter problems completing the tasks.

  • Goal: To count all items for sale in the store.
  • Objective: To have all items for sale entered in an Excel spreadsheet. 
  • Strategy:  Having a new barcode reader should make the process much faster this quarter. If an item can't be scanned, the manager will count it manually.  
  • Task 1: Connect the barcode reader to the laptop and open the Inventory spreadsheet.
  • Task 2: Scan each item. If the barcode reader doesn't beep, try again.
  • Task 3:  Replace each item where it was on the shelf. 
  • Task 4: Save the spreadsheet and close the laptop. 
  • Tactic 1:  Begin with the top shelf at the front of the room, count each item to the bottom of the shelf, then continue to the next shelf. 
  • Tactic 2: If an item doesn't have a barcode or can't be scanned, write down the count and a description of the item on paper. Place a yellow sticker on the shelf below the item.

IMAGES

  1. Business Strategy and Workforce Planning

    corporate work plan definition

  2. What is a Work Plan?

    corporate work plan definition

  3. Work Plan Best Practices, Examples, and Free Templates

    corporate work plan definition

  4. Engage the Entire Organization in Strategic Planning in Business and at

    corporate work plan definition

  5. Creating a Business Plan: Why it Matters and Where to Start

    corporate work plan definition

  6. 18 Sample Work Plan Templates to Download

    corporate work plan definition

VIDEO

  1. Corporate planning process

COMMENTS

  1. What Is a Work Plan? How to Make a Work Plan In 7 Steps

    As its name suggests, a work plan is an action plan that helps project teams achieve their goals. Work plans factor in key project planning elements such as tasks, milestones, deliverables, resources, budgetary requirements and a timeline to weave it all together.

  2. What is a work plan? (With a template and example)

    In answer to the question 'What is a work plan?', it's an organisational tool that outlines the steps necessary for a project and designates realistic goals for completion. The purpose is to create a visual reference for goals, objectives, tasks and team members who are responsible for each task or step in the project.

  3. Work Plan: Step-by-Step Template to Achieve Your Work Goals

    A work plan is a document that helps everyone communicate more clearly about the project. A good work plan lays out the action steps needed to complete a project. It makes clear what the desired outcome is and the major streams of activities or deliverables that will accomplish that outcome.

  4. How To Create a Work Plan Template in 4 Steps (With Example)

    A work plan is a written document designed to streamline a project. The purpose is to create a visual reference for the goal, objectives, tasks and team members who are responsible for each area. Every member of your team should be updated based on progress and current status. If you have a complex project, you can create your own custom work plan.

  5. Organizational Planning Guide: Types of Plans, Steps, and Examples

    Organizational planning is the process of defining a company's reason for existing, setting goals aimed at realizing full potential, and creating increasingly discrete tasks to meet those goals. Each phase of planning is a subset of the prior, with strategic planning being the foremost

  6. How to Write a Work Plan: 8 Steps (with Pictures)

    A work plan is an outline of a set of goals and processes by which a team and/or person can accomplish those goals, and offering the reader a better understanding of the scope of the project. Work plans, whether used in professional or academic life, help you stay organized while working on projects. [1]

  7. What is corporate planning?

    The corporate strategic planning process evaluates the resources available to the company and identifies gaps that you will need to fill to drive business results. These could be gaps within tangible resources (inventory, technology, or headcount) or intangible (institutional knowledge or role-specific skills).

  8. 5 essential tips for creating a strong corporate plan

    1. A corporate plan is not a strategic or business plan A business plan explains how a new or existing company or project brings in money and how the business is run on a daily basis, including the budget and needed resources. Meanwhile, a strategic plan is a blueprint for where the company is going.

  9. How to Create a Successful Work Plan (Updated 2024)

    A work plan is a document that outlines all of the steps to take over the course of a project, breaking them down into as much detail as possible and assigning individual activities to certain...

  10. How to Create Your Work Plan: A Guide

    4 tips for creating a successful work plan. Prior to creating a detailed plan, the preliminary stages might involve a meeting of key stakeholders and project sponsors. The first step is to establish a goal and determine some strategic ideas. This will facilitate the development of a broad general outline, identify some of the larger strategic ...

  11. Definition of a Work Plan

    A work plan is an important tool that helps a project to assign tasks, manage workflow and track the various components and milestone deadlines. A work plan often has a duration of six to 12...

  12. How to Create a Work Plan

    Elaborate on the purpose of the project by defining the project's entire scope. Explain the problem and how the project delivers the needed solution. Break things down, and define the departments ...

  13. What Is Corporate Planning? Benefits, Types and Tips

    Corporate planning is the process by which businesses create strategies for meeting business goals and achieving objectives. It involves strategy definition, strategy direction, decision-making and resource allocation. Corporate planning ensures that business operations are orderly and that the team works towards the same goals.

  14. Business Plan: What It Is, What's Included, and How to Write One

    A business plan is a document that details a company's goals and how it intends to achieve them. Business plans can be of benefit to both startups and well-established companies. For startups,...

  15. Corporate Planning

    Corporate planning is setting long-term objectives and goals within the organization's scope to enable an environment conducive to growth in terms of revenue and profit margins. It includes defining strategies, decision-making, and allocating resources.

  16. Corporate Work Plan (CWP)

    CWP is an FAA system used for managing the full lifecycle of programs/projects associated with the establishment, modernization, and sustainment of the National Airspace System (NAS) and infrastructure projects from inception through capitalization.

  17. What Is Corporate Management and How Does It Work? (With Types)

    Corporate management is an important aspect of leading a company. It includes the protocol for employees reporting to their supervisors, the system for recognizing employees for their work and the hierarchy of leadership positions. Understanding corporate management and the role it has inside a company or organization can help your team succeed.

  18. How to Create a Work Plan for a Project [Ultimate Guide]

    A work plan (also called a project management plan) is a document that outlines the steps to take over the course of a project, breaking them down into details and assigning certain activities to ...

  19. Corporate Planning Definition

    Corporate Planning Definition. Corporate Planning is defined as forming long-term goals and objectives within the organization's strengths and weaknesses in the existing and prospective environment. ... There should be measurable indicators present in a strategic plan to evaluate the progress of the work rate vis-à-vis the initial plans ...

  20. What Is a Business Continuity Plan (BCP), and How Does It Work?

    Business Continuity Planning - BCP: The business continuity planning (BCP) is the creation of a strategy through the recognition of threats and risks facing a company, with an eye to ensure that ...

  21. Definition of a Work Plan

    Work plan definition: A strategy designed to solve problems and boost employee productivity by listing the goal, strategy, tasks, objectives and tactics for any project. Importance of Work Plans If employees don't know exactly what's expected of them, it would unreasonable to expect them to excel at their jobs.

  22. What Is Company Culture? Definition & Development Strategies

    Enhanced competitive advantage. Company culture is an effective source of competitive advantage: A distinctive culture supported by top leadership equals adaptability and successfully implemented ...

  23. What Is an MBA? About the Degree, Programs, Jobs, and More

    A Master of Business Administration, or MBA degree, is a graduate-level business and management degree with a focus on leadership and managerial skills. By earning this degree, you can equip yourself with the skills and knowledge to accelerate your career, transition to new industries, or even launch your own businesses.

  24. What Are Corporate Jobs? (Types and 12 Things To Know)

    Here are a few things to know about corporate jobs: 1. Corporate jobs can be competitive. Corporate jobs can be competitive, with multiple candidates applying for a single position. You can prepare for a corporate job by reviewing the requirements of the position and highlighting on relevant skills and achievements on your resume.

  25. Business Analyst Job Description (With Examples)

    A business analyst is a large umbrella term with a lot of variability in the specifics, depending on the industry and. ... and business analysts may work in a variety of industries. That said ...