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The phrase "derive action plan" is perfectly correct and usable in written English.
It is often used to describe the process of brainstorming and developing a roadmap to achieving a goal. For example: "The team got together to discuss the project and derive an action plan for the next six months."
Similar(60)
In early October 1995 the World Zoo Organization (officially the International Union of Directors of Zoological Gardens) published Zoo Future 2005, an action plan derived from the 1995 Futures Search Workshop, held in Cologne, Germany.
Migraine Action Plan (MAP).
Strategy was not a lengthy action plan.
Create an action plan to get started.
The Blond's action plan is here.
Maintain an emergency action plan.
Make an action plan together.
Action Plan and Implementation 6.
Municipal climate action plan.
National biodiversity strategy & action plan.
Action plan: who does what?
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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