Institutional planning involves an educational institution preparing a development and improvement plan based on its needs and available resources. The plan is meant to optimize resource utilization and improve the school's program and practices. Objectives of institutional planning include providing equal opportunities, improving the institution's structure, giving direction to its functioning, and developing a comprehensive improvement program through optimal use of existing resources. The process involves assessing needs, preparing long- and short-term plans through committees, and systematically working to achieve educational objectives. Benefits are that it makes planning more democratic and realistic by involving teachers in the process.