What is phased development methodology?

Phased development methodology is a project management approach that divides a project into distinct phases or stages, each with specific objectives and deliverables. This allows for incremental progress, enabling teams to assess and refine their work at the end of each phase before moving on to the next. It promotes clear milestones, facilitates better resource allocation, and helps manage risks by allowing for adjustments based on feedback and lessons learned. Commonly used in software development, it can also be applied to other types of projects.