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    Key Result Area Example

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    Baba Hans
    The document provides an example of a strategic plan for the Australian Maritime College (AMC). It outlines AMC's vision, mission, and critical success factors. It then identifies three key result areas: 1) Educational Excellence; 2) Business Development; and 3) International Recognition. Each key result area has an associated corporate goal and objectives to help achieve that goal. The objectives provide specific, measurable actions AMC plans to take to meet its vision and critical success factors over a five-year period.

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    Key Result Area Example

    Uploaded by

    Baba Hans
    411 views3 pages
    The document provides an example of a strategic plan for the Australian Maritime College (AMC). It outlines AMC's vision, mission, and critical success factors. It then identifies three key result areas: 1) Educational Excellence; 2) Business Development; and 3) International Recognition. Each key result area has an associated corporate goal and objectives to help achieve that goal. The objectives provide specific, measurable actions AMC plans to take to meet its vision and critical success factors over a five-year period.

    Original Description:

    KRA

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    The document provides an example of a strategic plan for the Australian Maritime College (AMC). It outlines AMC's vision, mission, and critical success factors. It then identifies three key result areas: 1) Educational Excellence; 2) Business Development; and 3) International Recognition. Each key result area has an associated corporate goal and objectives to help achieve that goal. The objectives provide specific, measurable actions AMC plans to take to meet its vision and critical success factors over a five-year period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    411 views3 pages

    Key Result Area Example

    Uploaded by

    Baba Hans
    The document provides an example of a strategic plan for the Australian Maritime College (AMC). It outlines AMC's vision, mission, and critical success factors. It then identifies three key result areas: 1) Educational Excellence; 2) Business Development; and 3) International Recognition. Each key result area has an associated corporate goal and objectives to help achieve that goal. The objectives provide specific, measurable actions AMC plans to take to meet its vision and critical success factors over a five-year period.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    KEY RESULT AREA Example

    This example provides you with a slice of a real organizational example. Notice that AMC have set the scene by highlighting their critical success
    factors (CSF's) which will have come from their vision and mission. KRA's and goals then naturally align to meeting these. Each goal then has a
    number of objectives and so on. Work through the example and get a feel for the process. Note that only part of the AMC plan is included and
    that the objectives in some cases would be difficult to measure without associated performance indicators and/or targets.

    Australian Maritime College

    Vision

    To be recognised as the best provider of maritime education and research.

    Mission
    The provision of the highest quality education, training and consulting, and the conduct of applied research of international distinction, to
    meet the needs of the maritime sector.

    Critical Success Factors

    For AMC to be a successful institution in the longer term it is important that all the goals and the associated targets linked to the Key
    Result Areas are achieved within the five-year timeframe of this corporate plan. In particular, delivering appropriate courses in a flexible
    manner for the convenience of the student, achieving world-wide recognition as a pre-eminent maritime university, expanding quality
    research activity and strengthening links with the local community are all important success factors. Active support of the strategic
    direction of AMC by all stakeholders is also critical if AMC is to continue to be successful. Finally, the commitment of management and
    staff to progress the strategic direction embodied in the Corporate Plan is fundamental to ensuring a strong future for AMC.
    Key Result Areas & Goals Objectives

    Consistent with the Vision and Mission of the Australian Maritime College (AMC), Associated with each Key Result Area are
    the Key Result Areas (KRAs) and the associated Corporate Goals for the institution Objectives for achieving the goals. These
    are: Objectives reflect what we consider to be realistic
    in the current environment and what has to occur
    to achieve the Corporate Goals identified above.

    Key Result Area 1: Corporate Goal Objective 1.1: Meet customer needs.
    Educational Excellence 1. To provide high quality, relevant and Objective 1.2: Optimize the use of appropriate
    accessible maritime education, training and flexible course delivery.
    consultancy services to meet customer Objective 1.3: Further the external recognition of
    needs nationally and internationally. the quality and relevance of AMC services.
    Objective 1.4: Utilize electronic media to maximum
    advantage

    Key Result Area 2: Corporate Goal Objective 2.1: Increase income from fee-paying
    Business Development 2.To significantly increase the contribution students by at least 10% per annum
    to AMC's operating budget from sources Objective 2.2: Assist AMC Search to increase its
    other than government operating grants. annual return to AMC
    Objective 2.3: Identify other sources of profitable
    income
    Objective 2.4: Eliminate AMC's deficit at the
    earliest opportunity
    Objective 2.5: Continue to comply with DETYA's
    reporting requirements to ensure that satisfactory
    funding outcomes are achieved
    Objective 2.6: Meet EFTSU targets funded by the
    government operating grant

    Key Result Area 3: International Corporate Goal Objective 3.1: Achieve global recognition for being
    Recognition 3. To consolidate AMC's global status by a quality provider of maritime education
    becoming a world-recognised pre-eminent Objective 3.2: Offer AMC courses world-wide
    maritime university. Objective 3.3: Attract world-class scholars to AMC

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