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Why is the systems development life cycle (SDLC) called the waterfall method?
Opportunity Costs
The value of the best alternative forgone in making any decision, representing the benefits that could have been received from that alternative.
Management
Management refers to the coordination and administration of tasks to achieve a goal, including planning, organizing, staffing, directing, and controlling organizational resources.
Consistency
In accounting, the principle that ensures financial statements are comparable across periods by applying the same accounting methods and policies.
Relevant
Pertaining to information or factors that are applicable to the current decision-making process, specifically those that influence economic outcomes.
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