We know that planning is the process of determining future course of actions. It is the process of setting goals and choosing the actions to achieve those goals. It is looking ahead. It attempts to define the future path of organization.
Planning selects future courses of action from among the alternatives. It serves as a guide for allocating resources in a coordinated manner. It specifies ways and means of implementing actions. It is the prime instrument for directing efforts. It provides targets which serve as standards for controlling performance.
Planning is a way of organizational life. Managers must plan. All other management functions are based on planning. Planning has primacy in management functions. Project planning is a part of total planning process in organizations.
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