Project planning is an essential part of any successful business endeavor. It involves the careful consideration of all the steps and resources necessary to complete a project. The goal of project planning is to ensure that all stakeholders are on the same page and that the project is completed on time and within budget. The official business definition of project planning steps includes identifying the project objectives, gathering the necessary resources, establishing timelines and budgets, and creating a plan to execute the project. Once the plan is created, it should be reviewed and approved by all stakeholders. This ensures that everyone is in agreement and that the project is completed according to the plan. Additionally, the plan should be monitored and adjusted as needed to ensure that the project is completed on time and within budget. By taking the time to properly plan a project, businesses can ensure that their projects are successful and that their stakeholders are satisfied.