The Bottom Line
A friend's in a hurry to move forward on plans -- don't leave them hanging. Commit.
In Detail
One of your friends is in quite a hurry to move forward on some plans, and you can expect them to put some pressure on you to commit, today. If you're not ready, you're not ready -- so tell them to give you more time, and tell them why they should give it to you. They should be cool with that, as long as you can give them an idea of when you will able to give them an answer. But don't leave them hanging if you don't have to. Your involvement is important to them.
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thank you! please come again! :)