as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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describe the 5 stages of a waterfall methodology.
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the waterfall methodology consists of five stages: 1. requirements gathering and definition: in this stage, stakeholders identify and clarify the project requirements and objectives. 2. design: detailed design of the end product is specified and documented. 3. implementation: involves the coding of the project in accordance to the design specifications. 4. testing: the project is tested to detect and fix any errors that may have been introduced in the previous stages. 5. deployment and maintenance: the project is released and monitored to ensure its proper functioning.
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