Chapter 15:Transformation of a business plan into an action plan

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5 Terms

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Business plan

A formal written document describing the goals of a business and the methods of how to achieve those goals.

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Action plan

A checklist of the steps or tasks you need to complete to achieve the goals you have set.

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Gantt chart

A bar chart that provides a visual timeline of how the tasks are scheduled.

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Timelines

A sequence of related events arranged in chronological order and displayed along a line to keep track of the activities.

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Work breakdown structure (WBS)

Divides the business plan into smaller project stages and shows exactly what must be done.