1. Cook the Pasta: In a large pot, bring salted water to a boil. Add penne pasta and cook according to package instructions until al dente. Drain and set aside.
2. Prepare the Bacon: In a large skillet, cook chopped bacon over medium heat until crispy. Remove the bacon from the skillet and drain on paper towels.
3. Make the Sauce: In the same skillet, combine ranch dressing and heavy cream. Stir well and heat on low until warmed through.
4. Add Chicken: Incorporate shredded chicken into the sauce, mixing thoroughly. Season with garlic powder, onion powder, salt, and pepper.
5. Mix Pasta: Add the drained pasta to the skillet. Toss until evenly coated with the sauce.
6. Incorporate Bacon: Fold in the crispy bacon pieces along with half of the shredded cheddar cheese, allowing it to melt slightly.
7. Finalize the Dish: Top the pasta with the remaining cheese. Cover the skillet with a lid and let sit for a couple of minutes until the cheese has melted.
8. Garnish and Serve: Sprinkle fresh parsley on top for a vibrant touch and serve immediately.

These steps will guide you on your way to preparing the incredible Chicken Bacon Ranch Pasta!