This feels like a process halfway between Agile and Waterfall in which there are four phases (Inception, Elaboration, Construction, Transition) making the development technically iterative, but not nearly as minutely so as Scrum. Also there are fixed deadlines to hit (specific dates). Well... why not? There are no Agile purists anymore so who is to say this is bad? Everyone (every business) just does their own thing anyways.
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