Definitions (2)
Related Terms
1. A basic management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. The planning process (1) identifies the goals or objectives to be achieved, (2) formulates strategies to achieve them, (3) arranges or creates the means required, and (4) implements, directs, and monitors all steps in their proper sequence.
2. The control of development by a local authority, through regulation and licensing for land use changes and building.

Use 'planning' in a Sentence

It is important to do a lot of planning before you undertake a new venture so you know what to expect,
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I wanted to know what my friends were planning to do when I arrived home for my birthday and it made me excited.
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We started planning for our 2016 family reunion beach trip now so we have a year to find a condo or house to rent and dates to book so we can go ahead and save up for it.
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Notable Quotable

A Chinese Perspective on Growth
"If you are planning for one year, grow rice. If you are planning for 20 years, grow trees. If you are planning for centuries, grow men. (a Chinese Proverb)"
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Planning for Your Business
"When you begin planning, and then when you really become involved in an extra income producing endeavor, you should work it exactly as you have organized your regular day-to-day activities, on a time basis. Do what has to be done immediately. Don't try to get done in a hour something that's realistically going to take a week. Plan out on paper what you have to do, what you want to do and when you are going to do it. Then get right on each project without procrastination."
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Five Ways to Optimize Enterprise Resource Planning
"1. Explore and understand your needs and capabilities - Determine what your current business and operational objectives are, and examine what you are using in your current ERP package. 2. Prioritize your options - Rank each feature based on the following factors: timeline to implement, cost to implement, organizational readiness to accept the feature, and expected benefits of implementing the feature. 3. Look for quick wins - Consider taking on a few quick wins first before completing a big ERP optimization project. 4. Don't forget about change management - Since the direct results of an optimization effort are changed or new processes, change management should be an integral part of an optimization effort. Identify and involve impacted end-users early in the process. 5. Optimization is a continuous journey - Government processes and applications will continually change over time. So should your ERP. ERP optimization assessments should be continually updated."
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