Fusion Succession Planning Process flow

I would like to understand the practical usage of succession planning in your organization.

My assumption: What I can see in succession management. We can create a plan and add candidates and track their readiness manually.

Please share detailed end to end business process flow diagram maybe as best practice approach to implement fusion succession planning.

Please provide your thoughts on this - how best you are utilizing the succession management functionality. How can we add value to what our company has bought from Oracle? 

Thank you!