The action plan contains the objectives, actions, tasks, and initiatives that should be performed by a company, department, or group in the next, say, one year.
The business plan is useful when you are seeking investors or sponsors; want to participate in an incentive bill; or are participating in the selection process for an incubator or accelerator.
This project management tool gathers the actions (tasks) organized by initiatives that must be performed by someone in your team and helps you keep your project on time.