Planning is considered as a vital step in project management life cycle. The purpose of the project planning is to establish a clear set of goals considering needs and expectations of stakeholders. This includes defining project deliverables, estimating project schedule, and optimum allocation of resources. The process of planning provides an overall framework of the process which will result in better control over the project.
The common factors which results in project failure need to be addressed during the early stage of project planning. A few of the cited factors which lead to the project failures are lack of stakeholder engagement, lack of communication, and absence of clear roles and responsibilities to team members. A few supporting plans can be created as a part of the Project Planning process which are Staffing Plan, Communications Plan, and Risk Management Plan.