The Planning Phase Of The Project is the official business definition of the process of defining the objectives and scope of a project, developing a work plan, and determining the resources needed to complete the project. This phase is the most important step in ensuring the successful completion of any project. During the Planning Phase, project teams must identify and evaluate the potential risks and issues associated with the project, develop strategies to address those risks, and create a timeline and resource plan that will ensure the project is completed on time and within budget. It is also during the Planning Phase that project teams must develop a budget, create a communications plan, and establish the scope of the project. Additionally, project teams must identify and document the roles and responsibilities of the stakeholders involved in the project, including the project manager and other key players. Finally, the Planning Phase is a critical step in the project lifecycle, as it serves