Planning is the primary of all managerial functions. Planning means deciding in advance what to do, when to do it, how to do it, and who is to do it. It bridges the gap between where we are and want to go. It is the management function that involves setting goal and deciding how to achieve them in a best manner. It is an intellectual process of thinking before doing. Planning helps to see in advance those things that can help to achieve the goal. The basic objective of planning is to work in systematic manner to achieve with maximum efficiency and to reduce risk. Planning is done at all levels of management, keeping past events as base for planning to attain the future goal.