1. Planning helps us to have a better idea about the course of action that we propose to take.
2. Planning better defines the course of action that we propose to undertake.
3. Planning gives a rough estimate of the time required for a project.
4. Planning helps us to get prepared for emergencies that may arise during the course of the project.
5. Planning gives us a fairly good idea about the expenses involved in the project. In fact a budget is only a financial plan.
6. A well thought out plan gives us a clear idea about what is to be every day, every week and every month.
7. Planning helps avoid duplication of labor.
8. If a plan is followed everyone will have a clear idea about his or her role.
We should have short-term and long-term strategy plans. At the same time we should also try to draft out contingency plans to deal with crisis if it arises.
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