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The phrase "developing a plan of action" is correct and usable in written English.
You can use it when discussing the process of creating a strategy or approach to achieve a specific goal or objective.
Example: "The team is currently developing a plan of action to address the challenges we are facing in the project."
Alternatives: "formulating a strategy" or "creating an action plan."
Exact(17)
Developing nations appear to be ahead of the game, with many having already developed or being well into the process of developing a plan of action, from Sierra Leone (pdf) to the Philippines.
In fact, nearly every car company is developing a plan of action to respond to the meteoric rise of Uber and Lyft and to avoid becoming strictly purveyors of mobility hardware formerly known as "cars" (see "Toyota Wants Its Cars to Expect the Unexpected").
When you break your savings down in these terms, developing a plan of action can be easier.
Becoming angry wasn't going to make my problem disappear, but developing a plan of action could — and did.
After you compile a list of what you want to accomplish, look at developing a plan of action to make it work to turn it into a reality.
In developing a plan of action Bridgstock emphasizes that, because of the unique qualities of artists and the art world, business school curricula cannot simply be imported to art schools.
Similar(43)
After each group develops a plan of action, they should compare their plans with that of FEMA or the Red Cross.
Practical calculations can also work to take off any blinders and help develop a plan of action.
While acquisitions are "never smooth sailing," Mr. Kane said, he and Mr. Gyenes developed a plan of action that seemed to work.
Make an Academic Action Plan With so much going on in the fall of senior year, be sure to develop a plan of action for the next several months.
With so much going on in the fall of senior year, be sure to develop a plan of action for the next several months.
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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