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The phrase "a credible plan" is correct and usable in written English.
You can use it when discussing a plan that is believable, trustworthy, or likely to succeed.
Example: "The committee presented a credible plan to address the community's concerns about safety."
Alternatives: "a reliable strategy" or "a plausible proposal."
Exact(60)
The eurozone leaders needs to agree a credible plan.
If not, a credible plan will be needed.
The north carries huge economic potential and we need a credible plan to realise this.
A credible plan to reduce the long-run deficit requires a significant increase in revenue.
We need a credible plan to do three specific things: cut, tax and invest.
He called on Mr. Chidambaram to draw up a credible plan for cutting the deficit.
We need a credible plan that phases in aggressive deficit reduction as the economy recovers.
But in a deepening recession deficit-cutting remains testing and Brussels wants a credible plan.
A businessman without a credible plan to fix a problem stops being a credible businessman.
Wolff, though, says he doubts Oakland can come up with a credible plan.
If Mr. Icahn can devise a credible plan for Biogen, he may warrant more seats.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com