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Planning

Planning sets objectives, considers alternatives and determines actions and resources for future activity. It spans strategic direction, tactical coordination and operational scheduling, with differing detail and horizons. Forecasts inform plans but are not the same as chosen actions or targets. Planning should recognise uncertainty, constraints and the need for feedback rather than imply that an approved document guarantees an outcome.

Worked example

A business forecasts demand, chooses a service level, plans capacity and funding, and prepares schedules and measures to monitor delivery.

Common mistake

A forecast of a shortfall is not a plan to resolve it. Identify actions, responsibilities and resource requirements.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA APM Direct September 2026–June 2027
ACCA BT Direct September 2026–June 2027
ACCA MA Direct September 2026–June 2027
ACCA PM Direct September 2026–June 2027
ACCA SBL Supporting September 2026–June 2027
FIA FBT Direct September 2026–June 2027
FIA FMA Direct September 2026–June 2027