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Advantages

  • Risk analysis is better.
  • It supports changing requirements.
  • Initial Operating time is less.
  • Better suited for large and mission-critical projects.
  • During life cycle software is produced early which facilitates customer evaluation and feedback.

Disadvantages

  • Not suitable for smaller projects.
  • Management complexity is more.
  • End of project may not be know which is a risk.
  • Can be costly to use.
  • Highly skilled resources are required for risk analysis.
  • Project's progress is highly dependent upon the risk analysis phase.
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