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At this point in the process, the software has been defined, developed, tested and fielded. This step is the "post-mortem" step. That is, did the development of the software achieve the goals that were set out for it.

If the software did not meet the goals, why not and what lessons can be learned from it? If the software did meet the goals, can procedures and processes be applied to other projects underway to aid them?

Finally, this step provides a benchmark that new projects can be measured against. That is, it should be easier to gauge how long a new project should take if it is similar to a project that has already been done.

In our experience, this step is the one that is most often overlooked as the software is already completed, in use by the users and has met (ideally) all the goals defined for it. We believe that if the evaluation step is performed, however, future projects can be completed with much more confidence in the budgeting and timeline to completion.

 
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