Definition
A Phase Gate is a decision point in project management where stakeholders review progress and determine if a project should proceed, be modified, or stopped. These gates occur between project phases (e.g., initiation, planning, execution).
Advantages
✔ Reduces Risk – Identifies issues before moving forward.
✔ Ensures Stakeholder Alignment – Keeps everyone informed.
✔ Optimizes Resource Allocation – Prevents wasted investment in failing projects.
Disadvantages
✖ Can Delay Project Progress – Decision-making may slow down momentum.
✖ Requires Extensive Documentation – Stakeholders need reports for review.
