support@essaywritingexpert.orgOnce the main strategic framework has been established, the remainder of the strategic plan can be developed. This section should include:
- Key Performance Indicators (KPI): These are measures that define both the current reality as well as the preferred future.
- Key Initiatives: The allocation of resources is central to strategy.
Wk5 AssignmentThis section is again placed after the previous sections and before the references. A well-developed set of at least 8 KPIs should be included. Also, at least 8 initiatives should be included to demonstrate a strategic allocation of resources.Here is a list of attributes needed for each KPI:
- Associated Theme:
- Associated Objective
- Measure Name: 1-Ââ€4 words
- Measure Description: A sentence that clearly operationalizes the measure in a way that is reasonably clear.
- Measure Owner: Who is responsible that this goes well?
- Data Source: Where is the data set for this measure kept?
- Target: What is the goal? If your company’s average salary is $40,000, perhaps the target would be $41,000.
- Measure Update: Monthly, Quarterly, or Annually?
- Update Dates: What are the dates when the data will be updated?
Here is a list of attributes needed for initiatives:
- Associated Theme:
- Associated Objective:
- Initiative Name
- Initiative Description
- Initiative Owner (Who is the lead on this project?)
- Start Date
- End Date
- Financial Resources (How much money is needed?
- Funding Source (Where will the money come from: Budget, Reallocation, Donor, Grants, etc.)
- Human Resources (How many people and how many total hours will be required for this?)