Which of the following correctly represents the four stages of the Iterative (Spiral) Development Model?

The iterative (spiral) development model is characterized by its focus on risk management and progressive refinement of the project through multiple iterations or cycles. Each cycle typically involves a series of stages that help teams plan, execute, and evaluate their development efforts.

The correct representation of the four stages starts with determining the objectives that clarify what the project aims to achieve. Following this, there's a phase of identifying and resolving risks, where potential problems that could impact the project's success are assessed and addressed. The third stage involves actual development and testing, where the solutions are created and then validated against the objectives. Finally, the process culminates in planning the next phase, which involves synthesizing what was learned from the current iteration and applying it to improve future development efforts.

This structured approach ensures that the project continuously evolves, allowing for adjustments in response to emerging insights, stakeholder feedback, and changing circumstances, ultimately leading to a well-defined and user-aligned product.