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The act of formulating a plan is known as

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Answer:

Conceptualization.

Step-by-step explanation:

Conceptualization is the act of formulating a plan. Conceptualization in project takes place at the initial stage of the design process.

A plan is a well detailed proposal written by an individual for achieving or doing a task. Plans could be formal or informal, but usually consists of intended actions of any individual or entity used to achieve goals.

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