About Treasury • Budget and Performance
Strategic Plan
A strategic plan is a multi-year document that describes an agency’s mission, long-term goals, and the objectives used to measure progress. It helps connect day-to-day work to outcomes and clarifies what success looks like.
What a Strategic Plan Typically Includes
- Mission and vision: why the agency exists and what it aims to achieve.
- Strategic goals: broad outcome areas the agency prioritizes.
- Objectives: measurable targets that show progress toward goals.
- Strategies: approaches and initiatives used to achieve objectives.
- Performance measures: indicators used to track results and improve performance over time.
- Risk and challenges: factors that could affect the ability to deliver results, along with mitigation approaches.
How It’s Used
Strategic plans guide priority-setting, resource decisions, and performance management. They also help provide transparency for the public and stakeholders by describing goals and reporting approaches.
- Aligns programs and projects to shared outcomes.
- Supports budget justification by linking resources to goals.
- Creates a framework for annual performance plans and reporting.
- Helps teams track progress and adjust strategies when needed.
Keeping the Plan Current
Strategic plans are typically updated on a multi-year cycle and may be refined as priorities, laws, or external conditions change. Updates are often informed by performance results, stakeholder feedback, and lessons learned.