Project planning is the construction of a dynamic agreement across diverse functional groups involved in a project. This agreement specifies the goals and deliverables of the project — what is being developed — and the major activities that will be performed to achieve those goals. It includes the assumptions that were made and identifies major risks as they become known. The planning process allows for changes to this agreement during the project's execution. As the planning process is documented, the documentation becomes a dynamic guide for the execution of the project.
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