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An operational plan is a crucial component of a business's strategic plan, detailing how work will be executed from input to output, including necessary resources. It translates the business's strategic vision, direction, and goals into daily workflows aimed at achieving desired outcomes. The plan should be developed by an individual involved in implementation, while also incorporating input from various departments, especially in areas like finance, HR, and IT. It addresses four key questions: where are we now, where do we want to be, how do we get there, and how do we measure progress? Important factors to consider include the staff skills needed and the funding required for project execution.