Stage-Gate Phase Review

The Stage-Gate Phase Review is a project management process used to guide the development of new products or projects. It divides the project into distinct stages, each followed by a 'gate' where decision-makers assess progress. At each gate, teams present their findings and progress to determine if the project should continue, be revised, or be terminated. This method helps ensure that resources are invested wisely, risks are minimized, and projects align with strategic goals, ultimately improving the chances of successful outcomes.