What is a Project Development Plan?
A project development plan outlines the steps necessary to complete a project. It typically includes objectives, goals, strategies, and action plans, as well as timelines and budgets. The plan outlines each step of the project, from initial planning and research to the final launch or implementation. The plan helps the project team and stakeholders track progress, identify potential risks, and course-correct as needed.
What's included in this Project Development 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 Project Development Plan template for?
The Project Development Plan Template is designed to help project managers, teams, and stakeholders plan and execute the development of a new product, service, or initiative. This template provides a comprehensive structure for mapping out and tracking project progress. It includes focus areas, objectives, and measurable targets that can be tailored to fit the unique needs of each project.
1. Define clear examples of your focus areas
A focus area is a broad concept or area of interest that the project aims to address. Examples of focus areas might include product design, market research, and quality assurance. For each focus area, you can set objectives and measurable targets to help guide and track progress.
2. Think about the objectives that could fall under that focus area
Objectives are goals that a project team wants to achieve within a certain focus area. Objectives should be specific, measurable, and achievable, and should be connected to the overall purpose of the project.
Examples of some objectives for the focus area of Market Research could be: Gather Insights on Consumer Habits, and Analyze Competitor Strategies.
3. Set measurable targets (KPIs) to tackle the objective
Key performance indicators (KPIs) are measurable goals used to track the progress of a project. KPIs should be set for each objective and should include an initial and target value, as well as a unit of measure, to enable teams to track progress over time.
An example of a KPI for the focus area of Market Research could be: Increase Understanding of Consumer Habits.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the specific steps taken to achieve a project's objectives and KPIs. Projects can include conducting surveys, creating user personas, and developing a minimum viable product.
An example of a project related to Market Research could be: Conduct Surveys.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a tool that helps teams visualize and track progress on their project development plans. With Cascade, teams can quickly identify areas of progress and areas that need improvement, enabling them to course-correct and drive results faster.