Planning Phase: Strategy and Requirements Definition
We align business objectives with technical constraints through structured discovery. This planning phase sets stakeholder expectations, risk exposure, and success metrics in a formal software requirements specification (SRS).
Requirements analysis in SDLC gathers detailed business requirements from stakeholders. Project managers and business analysts collaborate to define project requirements that prevent costly rework, which can cost up to 100x more when discovered in later phases.
The planning phase creates a clear roadmap for resource allocation and efficient task tracking through early cost-benefit analysis, scheduling, and estimation.