Definition of Action Plan

An action plan is a document that outlines all the necessary steps that should be taken to achieve specific goals. The action plan is a part of a business plan which highlights the activities and the timeline of the goal.

An action plan helps managers to identify which resources and tools are necessary for the team to accomplish the goal. It also helps organizations to save resources in hits and trials. Written action plan help organizations in properly managing their businesses.

Activities in the action plan can be grouped into the following three categories:

1. Operational Plans

2. Managerial Plans

3. Contingency Plans