The official business definition of Stage of the Project is a period of time during which specific tasks are completed in order to achieve a certain goal. This period of time is typically broken down into smaller, more manageable chunks that can be tracked and monitored. During each stage of the project, specific objectives are set and tasks are assigned to team members in order to reach the goal. Each stage of the project is designed to build upon the previous stage, allowing for a more efficient and successful completion of the project. By breaking down the project into stages, teams can more easily identify potential problems and areas of improvement, as well as identify areas where additional resources may be needed. The stages of the project also provide a timeline for the completion of the project, allowing for more accurate estimates of the time and resources needed to complete the project.