three years go by quickly and as you say you have the grant sp the timeline would b good - if not already done , a gant chart could be a task , factoring in abstract submission dates for key international meetings, then you can all work backwards from there .This sharpens the team wonderfully.
Agee with a literature review agree with a two week one first for a very small subquestion so as to get the methodology for search strategies/reference manager software/conclusions right - think a term is too long to leave this as otherwise the student could be doing the review wrong for a long time and so much written nowadays on levels of evidence etc.
Good thing about a smaller review early on is also that a paper/poster/presentation could come out of it early on which perks everyone up.
Agree with weekly research in progress meetings
Suggest you meet to decide research questions early on.
Also suggest a meeting to discuss any training they need eg advanced stats/analyses and who they might develop links with eg lab staff - they will be working in a team usually not in isolation and developing that research team working will be an important research skill.
Keep them busy as possible and encourage as many posters/publications as possible on the way not wait till its all 'finished'. This raises their and your profile and the dept profile and also helps with developing the research questions, as when its presented somewhere there is usually really good feedback from other academics
ALl universities have training for supervisors these days these include managing the student in difficulty/conflict resolution/diversity training etc and though some sound boring but they come in useful for ticking your own and departmental boxes at your next appraisal
This is an interesting read
www.wellcome.ac.uk/About-us/Publications/Reports/Biomedical-science/WTD003205.htm
Apologies for the long post you are probably not a scientist.