Which term refers to the process of estimating specific actions in a short time frame?

The correct term for the process of estimating specific actions in a short time frame is tactical planning. Tactical planning focuses on the details necessary to implement the broader strategies established during strategic planning. It typically involves short-term actions and immediate objectives that align with longer-term strategic goals.

In tactical planning, managers develop specific steps and actions that need to be taken to achieve those objectives, often within a year or less. This includes allocating resources, setting timelines, and identifying responsibilities. It emphasizes the operational level of decision-making, ensuring that the strategic plan is carried out effectively.

While operational planning is related and often overlaps with tactical planning, it generally deals with the day-to-day operations and processes rather than the specific actions and initiatives that tactical planning focuses on. Strategic planning, on the other hand, is more concerned with long-term goals and the overall direction of the organization. Financial planning relates specifically to budgeting and managing finances, which is not the focus of estimating specific actions in a short time frame.