The Woody 2000 project aims to expand an existing woodworking facility's production capacity by 25% over 18 months with a $15 million budget. Key tasks in the project plan include obtaining permits, installing new equipment like air conditioning and woodworking machinery, and expanding the production and paint shop areas. Risks like weather delays and issues obtaining permits on schedule are identified along with mitigation plans. The project's critical path contains tasks like foundation work, equipment installation, and shop construction and preparation.