A project is defined as a temporary endeavor undertaken to create a unique product or service. It involves planning a set of tasks or activities to achieve specific goals or objectives. Planning is a key part of project management and involves selecting objectives, deciding on actions to achieve them, and making decisions that will affect the future. The principles of effective planning include keeping aims clear, developing accurate forecasts, involving subordinates, ensuring plans are feasible, avoiding overoptimism, and reviewing long-term plans regularly. Planning introduces orderly thinking and structure to management.