Strategic planning is an organizational management activity used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing environment. Strategic Planning sets targets and allocates resources. The tangible output of the Strategic Planning process is a strategic plan. Selecting and scheduling the specific Projects necessary to deliver on that Strategy is within the scope of business planning. Strategic Planning should be informed and guided by the results of executive strategy guidance.