4.3 An annual business/operational plan is in place which outlines the tasks to be undertaken to contribute to the achievement of strategic objectives.
- When you develop your strategic plan does it contain related milestones which enable you to deliver to the plan? In turn, are these milestones translated into shorter term tasks which form the basis of your annual operational plans?
- Is delivery of the key tasks in annual operational plans assigned to specific individuals?
- Has your board reviewed and approved the annual operational plan and is it informed of any proposed significant amendments made to the plan during the year?
- Where significant changes are made to high level operational plans are they approved at the right level including, where appropriate, your board?