Definition, Meaning & Synonyms
five-year-plan
noun
/faɪv jɪr plæn/
Definition
A five-year plan is a governmental or organizational strategy that outlines specific objectives and the means to achieve them over a period of five years.
Examples
- The country’s five-year plan aims to reduce unemployment and increase industrial output.
- As part of her five-year plan, she set milestones to enhance her career.
- The government released its latest five-year plan during the annual economic forum.
Meaning
It typically involves setting long-term goals and the necessary steps to accomplish them, often used in the context of economic development or project management.
Synonyms
- strategic plan
- development plan
- long-term plan
