OGSM stands for Objectives - Goals - Strategies and Measures

An OGSM plan defines what you will do and how you will do it. By following the following three steps
you will be able to make a management plan that is ACTIONABLE and is ADAPTABLE
by being PERIODICALLY REVIEWED and ADJUSTED

Step 1 Describe your objectives, goals, strategies and measures:


Item
Description
1
Objective
Define the broad Objectives for the business within defined time frames.
This defines what you will do.
2
Goals
Define Numerical Goals for each objective within defined time frames.
This defines how you will do it
3
Strategies
Define Strategies to reach each Goal to be executed within defined time frames.
This will define the routes to action.
4
Measures
Define Numerical Measures for each Strategy within defined time frames
that are in line to deliver the Numerical Goals.
These are performance indicators.

Step 2 Describe how the plan is to be actioned:

Item
Description
1
Assumptions
List all assumptions (factors) influencing the OGSM including economic
environment constraints that could
significantly impact results
2
Tactics
List tactics (scheduled actions) for each strategy that you can implement
within the defined time frame that are i
n line with the numerical Measures
3
Targets
Set targets for the strategies and tactics to make the plan actionable.
Some targets might be something that is measurable each week, month
or quarter so you have an on-going way to measure your progress t
oward the larger goals.

Step 3 Describe how the plan is to be REVIEWED and ADAPTED to changed circumstances:

Item
Description
1
Results
Periodically compare outcomes versus your targets.
Simply put, did you do what you said you were going to do?.
2
Gap Analysis
Analyze why you were able to surpass some targets, barely
meet some targets and not meet other targets.
3
Plan Adjustments
From your Gap Analysis, adapt the plan if necesary to any
changed circumstances to keep it on track to meet the goals.
http://www.agenttech.com/newsletter/200901_BusinessPlanningLikePG.html