Project planning phase is essential to drive project execution performance. Like they say: "measure twice, cut once".
Project planning outcomes are key in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Completing the project planning activities is needed to identify desired project goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result. This phase is sometimes underestimated (when for example "rushing" to deliver and execution activities), and this can have a significant negative impact in project execution performance and achieving project delivery objectives (financial, quality, time, scope).
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