Elements and Performance Criteria
- Determine scope of business plan
- Determine scope of the business plan and associated systems in consultation with key and specialist personnel
- Access information to inform business plan development
- Account for and incorporate trends and seasonal variations
- Account for strategic goals, targets and directions of the enterprise
- Ensure legal obligations are understood and compliance requirements identified
- Prepare business plan
- Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan
- Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance
- Identify and include resource requirements and input supply chain options
- Identify and incorporate human resource strategies
- Identify and incorporate marketing strategies
- Identify risks for the business and develop minimisation strategies
- Identify mechanisms to test budgetary impact and operational potential before implementation
- Document and review business plan
- Include financial and operational systems that enhance performance management and suit enterprise requirements
- Document and communicate business plan to relevant parties
- Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement
- Make recommendations to improve the business plan and associated systems