Module 7: Innovation Finance & Metrics
Why should you use this method?
- Helps with teamwork planning
- Gives a clear direction
- Prepare and track a strategy to achieve own personal goals
- Helps with convincing the management for the project
- Prioritize tasks
What is an action plan?
An action plan is a checklist for the steps or tasks you need to complete in order to achieve the goals you have set.
It covers the four main questions primarily:
- Does what
- What resources are necessary
- Until when
Download the template and get started!
How can you apply this method?
1. Invite your team
Invite your team members for a short activity to prepare the action plan. It is important to involve the whole team in this process.
2. State project goal
For the team's interest, state the project goal for the action plan, where you are, and where you want to be.
3. Define tasks and set milestones
List out the different tasks and milestones for the project. These will be considered as action steps. Organize the tasks based on what has the highest priority and should start the earliest.
4. Define “Who”
For each action plan, list out the team/person responsible for carrying out the task.
5. List resources needed
For each action step, list the necessary resources needed to complete the task and a plan to acquire these resources. (includes the budget)
6. Set deadlines
It is important to set a realistic deadline. The dates should be consulted with the person in charge of the task
7. Monitor, Evaluate, and Update
Think about how to evaluate the task's progress and how to update the action plan continuously. This can be done by defining metrics for evidence that shows progress and improvement.
Pen, Paper/ Table template, team