Which phase involves tracking the success of strategies implemented in the business plan?

The phase that involves tracking the success of strategies implemented in the business plan is the one focused on monitoring performance. This stage is crucial because it allows facility managers and stakeholders to assess how well the implemented strategies are working in practice, analyzing key performance indicators (KPIs) and comparing actual outcomes to the goals set in the business plan.

Monitoring performance typically involves continuous evaluation and data collection, which provides insights into whether the objectives are being met and identifies areas needing adjustments or improvements. This ongoing process ensures that the organization remains aligned with its strategic goals and can adapt to any changes in the business environment or operational requirements.

The other phases, while related, do not specifically focus on the tracking of implemented strategies. Developing financial forecasts pertains to predicting future financial outcomes, finding the business is about establishing the foundational elements of the company, and assessing the current state involves evaluating the existing conditions prior to implementing any strategies. Each of these phases plays an important role in the overall business strategy but does not directly involve the tracking of performance against established strategies like monitoring performance does.