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A phase-gate process (also referred to as a waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).
The waterfall model is a breakdown of developmental activities into linear sequential phases, meaning that each phase is passed down onto each other, where each phase depends on the deliverables of the previous one and corresponds to a specialization of tasks. [1]
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
These projects were based on the waterfall model of software development which was the prevalent software development process in 1981. References to this model typically call it COCOMO 81 . In 1995 COCOMO II was developed and finally published in 2000 in the book Software Cost Estimation with COCOMO II . [ 3 ]
According to Royce in the process model "the design iterations are never confined to the successive step", and for that model without iteration is "risky and invites failure". [3] As alternative Royce proposed a more incremental development, where every next step links back to the step before. The 'classical' waterfall model is figure 2.
Waterfall charts can be used for various types of quantitative analysis, ranging from inventory analysis to performance analysis. [4] Waterfall charts are also commonly used in financial analysis to display how a net value is arrived at through gains and losses over time or between actual and budgeted amounts. Changes in cash flows or income ...
This model combines the elements of the waterfall model with the iterative philosophy of prototyping. According to the Project Management Institute , an incremental approach is an "adaptive development approach in which the deliverable is produced successively, adding functionality until the deliverable contains the necessary and sufficient ...
It is named after the way in which tasks flow, like a waterfall, from one phase to the next in a predetermined order. The waterfall model is also sometimes referred to as the "linear-sequential" model. In the waterfall model, the development process is divided into distinct phases, each of which must be completed before moving on to the next.