Sprint Planning is a key event in the Scrum framework, where the team comes together to define the work for the upcoming sprint. During this meeting, the team reviews the product backlog, which is a prioritized list of tasks and features, and selects items to work on based on their capacity and the sprint goal. The outcome of Sprint Planning is a clear plan that outlines what the team aims to achieve in the sprint. This includes a detailed breakdown of tasks and an understanding of how the selected items contribute to the overall project objectives, ensuring everyone is aligned and focused.