The act of formulating of a course of action, or of drawing up plans(noun)
The act of making contingency plans(noun)
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Use "planning" in a sentence
"The term planning is imbecilic; everything can change tomorrow."
"Similarly, in certain literature of the public sector (so-called public planning), the term planning has been used as a virtual synonym for decision making and project management (see, for example, the various writings of Nutt e.g., 1983, 1984)."
"George Steiner, probably the most prolific of the business planning writers, noted that the word planning comes from the Latin planum, “meaning flat surface” 1969:5."