Stage-Gate

A specific point in time during the project lifecycle[1] at which key project[2] stakeholders convene to assess performance to date and to discuss whether a project should be: 1)Terminated, 2)Proceed according to plan, 3)Proceed based on a revised plan

Defined Terms
1. project lifecycle.

The project lifecycle consists of five process groups (often referred to as phases): Initiation, Planning, Execution, Control, and Closing.

2. project.

An interrelated set of tasks with a beginning and an end that is bounded by time, resources, costs and desired results.

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