The process of project planning and management constitutes several aspects and stages that must be handled well and professionally, starting with the project plan, budgeting, and project handover upon completion. Importance of Proper Project Planning and Scope Statement Development The reasons why projects such as the green production project fail are many, varied, and complex; however, getting the project planning phase right before the project commences is one way to ensure a higher chance of the project being successfully completed within time, scope, and budget.