Final answer:
Planning refers to the process of setting objectives and allocating resources to achieve those objectives.
Step-by-step explanation:
False. Planning refers to the process of setting objectives, determining the course of action, and allocating resources to achieve those objectives. It involves creating a roadmap or blueprint for accomplishing a project or goal. Collecting, entering, and analyzing actual project performance data is part of the monitoring and controlling phase of project management. For example, in business, project planning involves defining project goals, identifying tasks and their dependencies, estimating resources needed, and creating a project schedule. In this context, planning is distinct from the process of collecting and analyzing project performance data.