Describe the steps involved in project planning process.

A project plan is a formal, approved document that is used to manage and control a project. The project plan forms the basis for all management efforts associated with the project. It is a document that is also expected to change over time. Steps involved in project planning process are: Define the technical approach used to solve the problem. Define and sequence the tasks to be performed and identify all deliverables associated with the project. Define the dependency relations between tasks. Estimate the resources required to perform each task. Schedule all tasks to be performed. Define a budget for performing the tasks. Define the organization used to execute the project. Identify the known risks in executing the project. Define the process used for ensuring quality. Define the process used for specifying and controlling requirements.