Elements and Performance Criteria
- Determine scope
- Scope of the business plan and associated systems is determined in consultation with key and specialist personnel.
- Accurate information is accessed to inform business plan development.
- Trends and seasonal variations are accounted for and incorporated into the business plan.
- Strategic goals, targets and directions of the enterprise are accounted for in the development of the business plan.
- Legal obligations are understood and complied with in developing the business plan.
- Prepare business plan
- Operational goals and targets that enhance opportunities to meet the enterprise strategic plan are developed.
- Supply chains are identified and incorporated into the business plan.
- Risk management needs are identified and addressed within the business plan.
- Trial systems are incorporated in order to test budgetary impact and operational potential prior to full implementation of the business plan.
- Indicators of operational performance are clear and measurable and allow for realistic analysis of performance.
- Document and review business plan
- Fiscal and operational systems that enhance performance management and suit enterprise requirements are included.
- Resource considerations are incorporated into the business plan.
- Business plan is accurately documented and clearly communicated to all relevant parties.
- Performance against the business plan is monitored to identify strengths, weaknesses and areas for improvement.
- Recommendations to improve the business plan and associated systems are made as required.