Mohammad Morsi's supporters accuse the army of staging a coupAdly Mansour's decree envisages changes to the Islamist-drafted constitution and a referendum, which would pave way the way for elections early next year.
This comes as at least 51 people were killed in the capital Cairo.
The Muslim Brotherhood says its members were fired on at a sit-in for ousted President Mohammad Morsi. The army says it responded to an armed provocation.
Mr Morsi, an Islamist and Egypt's first freely elected leader, was removed from office by the army last week after mass protests.
His supporters accuse the military of staging a coup, but his opponents say the move is the continuation of the revolution that deposed President Hosni Mubarak in 2011.
February pollMr Mansour issued the decree late on Monday.
It says that a panel to amend the constitution - which was suspended last week - would be formed within 15 days.
The changes would then be put to a referendum - to be organised within four months.
This would lead to parliamentary elections - which could be held in February.
Finally, presidential elections would be called once the new parliament convenes.
The Muslim Brotherhood has so far made no public comment on the proposed timetable.
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