After completing the gap analysis between the current and future situation, requirements, steps, and all improvements are identified, initiatives are identified, and initiatives are linked to strategic goals.

The budget and remaining resources are determined for each initiative, with priorities determined based on the importance of the goal to be achieved through a particular initiative, the cost/benefit analysis, and the timeline for each initiative or project. The primary focus is usually on adopting emerging technologies, such as advanced software, blockchain, artificial intelligence (AI), robotic process automation (RPA) and others.

It is necessary to define measurement standards and define a performance indicator for each initiative to monitor work progress. Each performance indicator must be documented (what data will be used? How, when, and by whom will the data be collected? How will the data be analyzed? How will the KPIs be calculated, etc.). All these questions must have clear answers and practical methods that can be measured and compared.

Each initiative is translated into a concise project plan that precisely defines objectives, scope, stakeholders, external beneficiaries and timeline within an expanded work plan comprehensive for all initiatives.

Gaps between the expanded work plan and the executive plan are monitored and corrective actions are implemented if necessary to ensure that the executive plan matches the expanded work plan.

Continuous evaluation through performance indicators.