✏️ Explanatory Question

Explain the Waterfall methodology in Finance and Operations projects.

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📘 Detailed Answer
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Answer with Explanation

Waterfall is a sequential methodology where:

  • Each phase must complete before the next begins

  • Requirements are fully defined upfront

  • Deliverables are documented and approved phase-by-phase

It is suitable when:

  • Requirements are stable and well-known

  • Scope changes are unlikely

  • The solution is implemented in one go

However, it risks:

  • Late issue detection

  • Longer timelines

  • Limited flexibility