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The 2 questions are not related to each other:

- Iterative Project Planning is used when uncertainty is high.

- The second part of the question probably should be edited out.

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Q: Explain why the process of project planning is iterative and why a plan must be continually reviewed during software project?
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Iterative waterfall model is a software process model also called the incremental process model. http://en.wikipedia.org/wiki/Iterative_and_incremental_development


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