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Step 5: Develop project plan

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Introduce good planning when implementing change to lead better outcomes and successes.

Step 5 guides you through developing a project plan that addresses your key priorities and will help you to ingrain value chain thinking within your business in Step 6.

Developing a detailed project plan should take into consideration:

  • Scope
  • Purpose and Aims
  • Objectives
  • Goals/Targets
  • Risks
  • Activity
  • Milestones
  • Timeline
  • Budget
  • Resources (including sponsors and delivery team)
  • Responsibilities
  • Partners
  • Stakeholders (internal and external) and their engagement (reporting/discussion touch points)

  Action Points

  • Identify a senior sponsor in your business
    This person should be able to help with support and peer-review as well as influencing and embedding initiatives.
  • Communications plan
    Implement a communications plan to engage with stakeholders.
  • Explore new opportunities
    Identify potential partners from within your value chain to collaborate with on exploring new opportunities, innovation or to help you achieve some of your goals/targets.


  • Are the aims and objectives achievable within the timeframes set?
  • Are your goals/targets SMART (specific, measurable, achievable, realistic and time based)?
  • Do you have enough resources?
    Do you have enough resources to complete the actions identified within the timeframes or will you have to space actions out over a longer timeframe to achieve the goals/targets?
  • Are you addressing the risks and opportunities?
    Does the plan address the material risks and opportunities you identified?
  • Do you have management level support?
  • How can you get buy-in?
    If a partnership or collaboration is beneficial, how could you obtain buy-in internally and externally for this?

  Tools & Resources