HR strategic planning involves the identification of and response to HR functional and talent risks that inhibit the successful execution of strategic priorities. It refers to the way that HR leaders plan for business risks and opportunities by prioritizing and allocating resources to HR initiatives. This involves aligning business and HR strategies, defining HR priorities relative to critical business initiatives, and adjusting the execution of initiatives as business conditions change. HR leaders often need assistance with either making the business case for the HR strategic planning of specific initiatives for the coming year, or prioritizing resource allocation between several ongoing projects.