What is a Mutual Action Plan?
A Mutual Action Plan is a type of strategy used by teams in any industry to collaborate with partners, vendors, or other external stakeholders to achieve shared goals. The plan can be used to define focus areas, objectives, projects, and KPIs (Key Performance Indicators) that teams can use to measure the effectiveness of their collaboration. It is designed to help teams identify and prioritize actions to ensure successful execution of their strategy.
What's included in this Mutual Action Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Mutual Action Plan template for?
The Mutual Action Plan template is designed to help teams in any industry plan and execute effective collaboration strategies. It is especially useful for teams working remotely or in multiple locations, or teams that are collaborating with external partners or vendors. The template can provide structure and help teams focus on their goals and objectives while also providing visibility into team progress.
1. Define clear examples of your focus areas
When creating a Mutual Action Plan, the first step is to define the focus areas that the plan will cover. Focus areas are broad topics that define the overall direction of the plan, such as “Improve Collaboration” or “Increase Efficiency”. These focus areas should be based on the team’s goals and objectives and should be clearly defined.
2. Think about the objectives that could fall under that focus area
Once the focus areas have been identified, the next step is to identify the objectives that fall under each focus area. Objectives should be specific, measurable goals that will help the team achieve the focus area. Examples of some objectives for the focus area of Improve Collaboration could be: Strengthen Communication , and Enhance Relationship Building .
3. Set measurable targets (KPIs) to tackle the objective
For each objective, teams should set measurable targets in the form of KPIs. KPIs are measurable metrics that will help teams track and monitor their progress towards the objective. Examples of KPIs could include “Increase number of stakeholders participating in Mutual Action Plan from 0 to 10” or “Decrease manual process time from 120 to 60”.
4. Implement related projects to achieve the KPIs
Once the measurable targets are set, teams should identify projects (actions) that can be implemented to achieve the objectives. Projects should be specific and actionable initiatives that will help move the team towards the desired outcome. Examples of projects could include “Develop a Mutual Action Plan” or “Implement a shared task management system”.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Finally, teams should consider using a strategy execution platform such as Cascade. Cascade helps teams track, measure, and manage their Mutual Action Plan. The platform provides real-time visibility into progress, enabling teams to quickly adjust their strategy and see faster results.