From Longman Dictionary of Contemporary Englishpreparationspreparations[plural]PREPARE arrangements for something that is going to happenpreparations for Preparations for the upcoming Olympic Games are nearing completion. Preparations are being made for the president’s visit. The festival was a great success, and preparations are underway (=have started) for another one next summer. → preparation
Examples from the Corpus
preparations are underway• The Berkshire Rally is now well established and preparations are under way for the next one in March. 