What is Planning?
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Planning is the primary function of all businesses. It is the first step on deciding what to do, how, where and when a specific work has to be done and complete a task successfully. Planning is important to process a project and get the expected result in an allocated time and budget.
Few points that describe why planning is essential for any organisation:
It assists the management and employees to enhance future production.
With planning, it reduces the risk and unpredictability in the future.
It gives structure to the workflow of business and avoids overlapping of activities and eradicates unfruitful work.
Provides direction to the employees work.
It distinguishes and recognises future possibilities and threats.