3. How to make your plan work

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5 Terms

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Participatory Planning

Involving team members/employees who are affected by the plan in its creation to increase buy-in and input

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Benchmarking

Comparing performance and planning standards against industry leaders or best practices

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Contingency Planning

Developing alternative backup plans (Plan B, Plan C) in case initial conditions or assumptions change

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Setting Timelines

Assigning firm start dates, milestones, and deadlines to maintain accountability

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Forecasting

Anticipating future economic, market, or environmental conditions before making strategic choices