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In this approach, the initial two phases of the project will be fully defined and approved before starting to work on the subsequent phases. System documentation will begin and continue through the design, development, and installation of the system. The Project Management team will provide weekly status reports to the project sponsor so that real time corrections can be accomplished. Once the project sponsor has determined that each phase has met its purpose and provided the required approval, the next phase can begin.
The stakeholders of this project will include the project sponsor, project manager, and representatives from human resources, the IT department, and accounting...
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