DCO Co-op Project Innovation & Inquiry Co-op Experience

Developing your Strategic Plan

Module 5B

The Parts of this Module Include

Understanding a Strategic Plan

Developing a Strategic Plan

Part 1: Understanding The Strategic Plan

What is a Strategic Plan

We are getting into the part of the co-op experience that has you thinking about what is next? Up to this point you have planned, researched, chatted, brainstormed, etc. and now you have an idea and a direction. However, without a solid plan to guide you to that desired outcome your success will be challenged.

Activity

Below are three short intro videos about Strategic Planning for a project.

You will be asked to complete a quick reflection after watching the videos.

Basics of Strategic Planning

Duration: 3:47

This video discusses the basics of Project Management, introducing the concept of Strategic Planning, and discusses the concept of a Critical Path.

The concept of the Critical Path is important and how you should think about 'steps' as you move forward

The Difference Between Strategic Planning and Strategic Thinking

Duration: 1:50

This video briefly discusses the difference between these concepts. You have and will be doing a mix of these concepts as you move throughout the rest of the course.

What is Project Scheduling

Duration: 3:20

This video discusses some steps in developing a project timeline and gives a clear explanation to the process of Strategic planning

In this video the speaker mentions templates and there can be some examples found here that can be used later if you want

Workbook Entry

Head to your workbook for a very brief reflection about your new understanding of Strategic Planning

Module 5: Activity 1

Part 2: SWOT Analysis

A SWOT Analysis is used in project management just before making a plan. It helps you take one last look at your project and think about how things might go before you start taking action.

Usually, SWOT is done for big projects or companies, but you can make it simple for your project.

For some Lens or topics, it will be easy; for others, it might be harder. Sometimes you’ll need to focus on the details of your idea, and other times think about the big picture.

Please connect with your co-op teacher if you are struggling with this step.

Duration: 5:56

This is a video found in this article that breaks down a SWOT analysis with examples. There are also links to resources in the video link

Duration: 3:33

Workbook Entry

Head to your workbook to conduct a quick SWOT analysis for your project

Module 5: Activity 2

Part 3: Developing Your Plan

Key Considerations for your Strategic Plan

Start by considering the end goal then work back to help you get there
Structure a plan with specific deadlines based on your proposed solution
- - It will be important to ensure you are giving yourself enough time to get feedback on your 'output' or 'solution' before the end of the term - this feedback should be implemented where possible.
Break down all elements of your project clearly into workable sections - Keeping in mind the Critical Path rule for timing when thinking of activities
- - Be specific; it is better than being too BIG PICTURE because you will miss things that may be time consuming resulting in a hold up in progress
Anticipate resources required in your list.
- - Resources can be physical like products or a location, or they can be people and skills like clients or supports
Strategic plan steps should fall within the time frame of your co-op course
- - It will be important to ensure you leave time at the end of your course (approx. 1/2 weeks) to develop a pitch presentation
Strategic plan should build in check in points for the rest of the term with your co-op teacher and or industry partner, these help to break down barriers and get support and guidance throughout the process.