Final answer:
The planning stage of the Project Life Cycle is where the project's objectives, schedule, and budget are established, and detailed plans are developed to guide the project to success.
Step-by-step explanation:
In the planning stage of the Project Life Cycle, the objectives and deliverables of the project are determined, along with the project's schedule and budget. This is a critical phase where goals are set and strategies for achieving them are developed. A detailed project plan will include considerations of the 5 W's (Who, What, Where, When, Why) to ensure that the objectives are specific and measurable.
The planning phase often includes defining the problem, considering the audience, and establishing measurable and motivational criteria to assess progress. Additionally, a selection of details and ideas is crucial to move from concept to a detailed design, which can significantly impact the success of the project. Flexibility and the ability to evolve plans are also essential during this phase due to the unpredictable nature of project implementation.