A term plan is a schedule or timetable that outlines specific goals, objectives and activities to be carried out within a particular time frame. It usually refers to short-term plans with defined start and end dates, such as academic terms or project deadlines. The phrase can also refer to long-term planning, where an individual or organization develops a comprehensive strategy that covers multiple years or decades. In either case, the term plan provides direction, structure and accountability for achieving desired outcomes within a specific time frame.