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To write an operational plan, you should: Identify important goals, milestones, or objectives. Determine key initiatives to help achieve those goals. Define key assumptions you're making about challenges. Decide how you'll measure success. Clearly outline responsibilities and tasks.

An example of operational planning would be a manufacturer creating a plan to increase revenue by 30%. Finance partners with sales, the marketing team, operations and other key business areas to align on the strategies needed to support revenue growth and achieve business goals together.

Whatever operation needs a solid plan, there are five major components to focus on: Preparation, marketing, logistics, human resources (HR) and financial limits.

There are four phases of a proper organizational plan: strategic, tactical, operational, and contingency. Each phase of planning is a subset of the prior, with strategic planning being the foremost.

Definition of Operational Plans for a Business Type of PlanCreated ByLevel of DetailStrategic planTop managementVery broad and generalTactical planMid-level managementSpecific actions and ideas, but not very detailedOperational planLow-level managementExtremely detailed (who, what, where and when) 06-May-2022

Whatever operation needs a solid plan, there are five major components to focus on: Preparation, marketing, logistics, human resources (HR) and financial limits.

There are two types of operational plans: standing plans and single-use plans. Standing plans are plans designed to be used again and again. Examples include policies, procedures, and regulations.

The Operational Plan can be subdivided into two basic forms which include the single-use plan and the standing plans. A single-use plan is developed to carry out a course of action that is not likely to be repeated in the future. These plans are used once to achieve unique objectives for the business.