Project planning is essential for software projects. It involves estimating the work, resources, and time required. Key planning activities include defining problems and requirements, developing solution strategies, and planning development processes. Requirements planning is especially important - it helps eliminate defects by gaining user involvement, understanding critical needs, and considering non-functional requirements. Empirical studies show most firms plan feasibility and costs, though risk management practices vary. Thorough early planning is needed to estimate schedules, efforts, people and resources needed for a project's success.
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