What is a Roll Out Plan?
A Roll Out Plan is a strategic plan that outlines how to launch a new product or service. It is designed to help product and project managers plan and execute the launch of a new offering in a structured and organized manner. A Roll Out Plan template typically includes focus areas, objectives, KPIs, and projects (actions) to help ensure a successful launch.
What's included in this Roll Out 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 Roll Out Plan template for?
The Roll Out Plan template is designed for project and product managers who are responsible for the launch of a new product or service. It helps them plan and execute the launch in an organized and structured manner.
1. Define clear examples of your focus areas
A focus area is the main goal or strategy that you are trying to achieve. Examples of focus areas could include increasing customer engagement, improving efficiency, or increasing revenue. It is important to clearly define the focus area so that you can establish measurable targets (KPIs) and related projects (actions) to achieve the desired results.
2. Think about the objectives that could fall under that focus area
An objective is the specific aim that you want to achieve within the focus area. Objectives are usually measurable and achievable goals that you want to achieve in order to progress towards the focus area. Examples of some objectives for the focus area of Increase Customer Engagement could be: Increase customer lifetime value, and Increase product usage.
3. Set measurable targets (KPIs) to tackle the objective
KPIs are measurable targets that you set to help you track progress towards the objectives. KPIs can be quantitative or qualitative and should be tracked regularly to ensure you are on track to achieving the objectives. KPIs should be set in order to measure success and progress towards the objectives. An example of a KPI for the focus area of Increase Customer Engagement could be: Increase customer retention rate from 20% to 30%.
4. Implement related projects to achieve the KPIs
A project (action) is the specific activity that you will undertake in order to achieve the KPIs. Projects should be designed to help meet the objectives and achieve the focus area. Projects should be well-planned and include a timeline, resources, and budget to ensure that they are successful. An example of a project related to Increase Customer Engagement could be: Increase customer retention.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform helps project and product managers plan and execute roll out plans efficiently. The platform enables teams to quickly create, share, and track roll out plans in real-time, helping to ensure that projects are completed on time and on budget. The platform also allows teams to get feedback from stakeholders and adjust plans quickly, helping to ensure the success of the strategy.