Waterfall development
The Product Requirements Document has to be very well defined and validated as much as possible for this type of development. An alternative is agile development.
- It is very structured
- Defined stages
- You only move from one stage to the next once the previous is completed
- Detailed specifications
- All requirements are fully laid out
- Budgeting is accurate
- Less day-to-day management But
- Maybe you don't fully know the requirements
- It is difficult to make changes
- Unknowns may impact timelines
- Market conditions change during development
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