What is the importance of financial planning?

Financial planning is critical as it determines how you operate, where you operate and is the lifeline to any task

Inevitably good planning makes the project execution successful. The planning is the driver to the execution of the project i totally agree.

Yes. More precise planning will help better execution

planning lead to have a controlled & good steps in execution process.

Yes i agree that planning is more important than execution

yes because the planning means zero wrong

yes. Give maximum time to planning. planning should be from lowest level to highest. There should be no gap left in planning because whole project building will be on your planning.

The issue of the areas in which investment can be made and their differentiation is based on different criteria, most of which are based on the expected profit from each alternative to the most appropriate alternative name. Is it very important to do that? Hence the importance of financial planning as we see it by addressing important and crucial issues for the institution.

with financial planning one can evaluate the actual project cost with in time limit

Financial planning is important to know the cost of the project involved and the steps for arranging finance and controlling properly for project execution and completion within time, thereby getting good profit.

Financial planning is very important for both the owner and the contractor.

The cashflow planning is vitaly needed to enable the funds costs and movements.