What Is An Action Plan?

An action plan is among the most important documents that an organization can have as it has all the descriptions in it with the use of which the organization can attain the goals that it has set for itself.
      
The descriptions in the document include the strategies that it can follow and also the particular time-frame during which a goal can be achieved. It also states about the mistakes that have been committed in the past when a similar situation occurred and what is the ideal way to deal with that kind of situation. The action plan also includes the particular responsibilities that have been given to each one of the team members and it makes them accountable too for what they are doing for the team.  

Though I have described the term 'action plan' in the context of an organization, you can implement a similar strategy in the case of an individual and can reap the benefits of having a plan.