What is a Strategic Audit Plan?
A Strategic Audit Plan is a plan that outlines a company's goals, objectives, and strategies that are used to ensure success. This plan helps to identify areas of improvement and provides guidance on how to achieve the desired results. It outlines the focus areas, objectives, key performance indicators (KPIs), actions, and the necessary resources to reach the desired goals and objectives. The Strategic Audit Plan can be used to evaluate performance, ensure alignment with goals, and create a plan to be prepared for strategic audits.
What's included in this Strategic Audit 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 Strategic Audit Plan template for?
This Strategic Audit Plan template is designed for organizations who want to create a plan to be prepared for strategic audits, evaluate performance, identify areas for improvement, and ensure alignment with their goals. With this template, organizations can define their focus areas, objectives, and set measurable targets (KPIs) to tackle the objectives. They can then implement related projects to achieve the KPIs and see faster results from their strategy.
1. Define clear examples of your focus areas
Focus areas are the overarching goals or topics that you want to focus on. By setting clear focus areas, it will help your organization prioritize and focus on the areas that are most important for achieving success. Examples of strategic focus areas that could fall under a Strategic Audit Plan could be: Documentation and Records Management, Process Transparency and Accountability, and Risk Assessment and Mitigation.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that you want to achieve within each focus area. These objectives should be measurable and achievable. Examples of some objectives for the focus area of Documentation and Records Management could be: Organize Strategic Documents, and Maintain Comprehensive Records.
3. Set measurable targets (KPIs) to tackle the objective
Key performance indicators (KPIs) are measurable targets that you set to track progress towards the objectives. KPIs should be specific and measurable. An example of a KPI for the focus area of Documentation and Records Management could be: Centralize 90% of Strategic Documents.
4. Implement related projects to achieve the KPIs
Actions are the projects that need to be implemented in order to achieve the KPIs. These projects should be specific and achievable. An example of a project related to Documentation and Records Management could be: Implement Record Retention Policies.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform enables organizations to track and visualize progress towards their goals and objectives. It helps organizations stay on track and ensures that everyone is working towards the same goals. With Cascade, organizations can see faster results from their strategy and quickly identify areas of improvement.