Project Portfolio Management - Stage / Phase Gate Process Concepts
A stage / phase-gate process provides top-level management control over projects to assure that the organization continues to invest in the most worthwhile new product development projects and effectively manages risks. For more information on a stage / phase-gate process and gate reviews, see the white paper on Effective Gate Reviews. The concept of a stage / phase-gate process is to divide a project into logical phases with a gate review conducted before proceeding to the next project phase. The gate review is for management to review the project to determine that it still warrants investment relative to the risk of the project.