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| Progress Report Phase Gate Status Review Template Excel Free Download |
Progress Report Phase Gate Status Review Template Excel Free Download
What is phase gate review in project management
Smartsheet define the phase-gate process provides a structured road map that guides projects from idea to product launch. Phase gate divides a project into smaller sections or phases, also known as stage-limited commitment or creeping commitment. At the end of each phase, the work is reviewed at a gate to see whether the project is ready to move to the next phase.
Phase gate, also known as a tollgate, Stage-Gate®,or Waterfall methodology, is defined in the 5th edition of the Project Management Book of Knowledge (PMBOK®). This gated process, also known as big design up front or front-end loading, is often used in new product development (NPD) because it helps organizations identify the scope and costs of a project at the beginning and provides a systematic method to control and manage risk.
How Can Phase Gate Improve Your Business?
The phase-gate process helps you identify successful products and projects quickly, giving your business an edge in an increasingly competitive environment. Because it relies on a road map with clear checkpoints, you can drive any project by controlling costs, minimizing risks, and ensuring quality.
What is stage gate review process?
A Stage Gate Review is a phase-driven go/no-go decision point where EPLC activities are reviewed to assure that appropriate OMB and HHS requirements are observed. A project cannot proceed without a “go” decision by the appropriate senior management for a specific stage gate.
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