Part of a big or small business’s management function is to provide smart strategies, timelines, and implementation activities for the performance improvement or development of its works. Business personnel who hold leadership posts, such as marketing and sales managers, as well as project executives, are the ones responsible for making the action plan outline. Many entrepreneurs, including their respective stakeholders, are in favor of long-term company goals, rather than short-term goals. However, they knew very well that without the latter, their long-term goals would be almost impossible to achieve. So, start planning how to make the short-term goals highly achievable. The most effective way is to do so is through a 30-60-90 day action plan.
Check out different variants of action plan templates in our library of examples below!
A 30-60-90 day action plan is a process document that describes an organization’s or company’s course of action within three months. MindTools asserts that they are useful in giving the stakeholders a clear overview of how to accomplish a certain project in the most efficient manner. The same source certifies that it is also useful by organizing activities and ensuring the thoroughness of a project’s coverage. Through the benefits that this type of document can bring, it is, without a doubt, necessary in every business process.
Most businesses set their objectives and goals annually. In the course of twelve months, there’s a very little guarantee that your IT project plan, event project plan, clinical research project plan, or other plans will stay on the right course. A lot of external and internal activities could bring risks to them, especially in a year’s time.
On the contrary, there are some businesses that adopt micromanaging. It is when managers observe and control their employees’ work strictly. Most of the time, they are done on a biweekly and monthly period. But, business reports have it that such kind of management can negatively affect workplaces.
So if year-long planning has many risks and monthly management is considered too strict, how about somewhere in between? Well, that might just be the solution to this dilemma. With three-month planning, you can have enough time to observe unpredicted predicaments. Moreover, it gives you enough time to flex your strategies to avoid or eliminate them.
As you can see on our list of examples, organizing a 30-60-90 day action plan seems easy. However, there are certain steps that have to be observed in order to ensure the document’s conciseness. Learn what these steps are in our outline of the guidelines below.
Business goal setting is the most important step in making a 30-60-90 day action plan. By defining what your goals are, you give yourself a clear path and unveil the things that you can make, use, or do as you move forward. With very limited time, you have to make sure it’s a SMART action plan with smart goals.
Once you have completely defined your goals, set the activities that you think are necessary for achieving your goals. To know what activities are relevant and what things are not, make sure to conduct research and various assessments, like project assessment, employee assessment, training needs assessment, and many more. Through them, you will know what concerns need to be addressed and how to address them appropriately.
The activities that you just set won’t be executing themselves. Therefore, you have to assign personnel to each of them. If you are wondering how you can identify who’s suitable and who’s not, then making and handing out stakeholders analysis questionnaires would surely do the trick.
After assigning the right man to supervise your set of activities, make a timeline for those activities. All projects have one. Examples of these are construction timeline, marketing timeline, work timeline, management timeline, and many others.
Always make time to check out your company’s supply inventory. Once done, list and gather them to be readily available when needed. If your company lacks an item or two, make sure to acquire them before implementing your whole project action plan.
Part of the preparation you have to make is the evaluation of your overall project. And, you can’t evaluate it without metrics or key performance indicators. Each of these metrics or KPIs is specifically designed to measure the right things within your action plan. Research on what specific metrics you want to use for your 30-60-90 day action plan.
Action plans detail the actions that must be taken to reach a particular goal. On the other hand, operational plans outline the duties and responsibilities of a particular team or department in a certain project.
The acronym SMART stands for specific, measurable, achievable, realistic, and time-bound. It is used as a criterion in setting up goals.
Yes, quarterly planning is better than annual planning. The main reason is that it lets you identify the risks early on, giving you time to make necessary adjustments.
Ice hockey legend Wayne Gretzky said, “You miss 100% of the shots you don’t take.” The quote simply means that you can’t achieve your goals if you didn’t even bother to try to accomplish it. In business, most entrepreneurs are very careful not to make rash actions. As we all know, doing so can lead to a disastrous outcome. An action plan is designed to make sure that these entrepreneurs take action to achieve their business goals without being inconsiderate of things that may influence their success. Hence, businesses on any scale must be able to produce such a document.