What Is A Stage
- A stage is a prescribed set of activities carried out in parallel by different functional areas.
- Each activity is undertaken in parallel to enhance speed to market.
- Each stage is designed to gather information needed to progress the project to the decision point and reduce uncertainties.
- Vital information is needed to reduce the technical and business risks.
- Engineering
- Financial
- Marketing
- Operations
- Each stage costs more than the preceding one.
- As uncertainties decrease, expenditures are allowed to rise as risk is easier to manage.
- Each stage takes more time than the preceding one.
- Coming up with brilliant ideas takes much less time than to explore, specify, implement, and deploy.
© 2008 John Michael Pierobon
Notes
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