"its preparations for" is correct and usable in written English.
You can use it to refer to the preparations that an entity, such as an organization or an individual, has made for a particular event or purpose. For example: "The company is making its preparations for the grand opening of its new store."
As it continues its preparations for resuming shuttle flights, and President Bush is preparing his own statement about his vision for NASA's future, many experts in space exploration wonder whether the agency has many more foam brushes in its pocket.
On Monday, the European Union announced that it had completed its preparations for a "no-deal" Brexit.
In the aftermath of the riot, the country's interior ministry refused to secure home matches for the national team, forcing it to conduct its preparations for qualifying abroad.
The Bank of England will draw on lessons learned from the Scottish referendum and the global financial crisis as it steps up its preparations for a possible decision by Britain to leave the EU on 23 June.
The society claims that the government missed one crucial – and legally binding step – in its preparations for cuts: that it failed to carry out an "equality impact assessment" to show how the plans will affect women.
The decision by the protesters to keep their puppets mostly idle ceded the day to the Police Department, which in recent weeks has tried to strike a balance in the message it wanted to convey about its preparations for the economic conference.
The European Commission says it has started to implement its preparations for a no-deal Brexit - in case the UK leaves the EU without a plan.
The bank refused to comment on its preparations for the G20 protests.
Bertelsmann is privately owned and made the disclosure as part of its preparations for a planned public offering.
[New York Post] Research scientists urged the city to improve its preparations for the possibility of a Katrina-level hurricane.
Federal contractors will see payments delayed, and the Internal Revenue Service will slow its preparations for the coming tax season.
