What is Phased approach?

A phased approach refers to a project management strategy that divides a project into distinct stages or phases, each with specific objectives and deliverables. This method allows for better planning, monitoring, and evaluation, as stakeholders can assess progress and make adjustments at the end of each phase. It also helps in managing risks and ensuring that resources are allocated efficiently throughout the project lifecycle. By breaking the project into manageable parts, teams can focus on achieving short-term goals while working towards the overall project vision.