Examlex
The traditional waterfall methodology is a sequential, activity-based process in which each phase in the SDLC is performed sequentially from planning through implementation and maintenance.
Subjective Uncertainty
A psychological state in which individuals feel uncertain about situations or outcomes, influencing their decision-making processes.
Economic Uncertainty
A situation characterized by unpredictability or instability in economic policies, market conditions, or other financial elements impacting economies.
Macro Uncertainty
Broad, external uncertainties that impact the economic and business environment, such as geopolitical risks, economic cycles, and significant policy changes.
State Uncertainty
The lack of predictability or knowledge regarding the future state of an environment or variables that might affect decision-making or outcomes.
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