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Controllingcosts and maximizing budget efficiency remains an ongoing challenge. As new competitors enter the field, the importance of hiring and retaining top talent increases, and firms must keep up with ever-changing drug compliance regulations. Challenge 1: Maximizing Cost-Effectiveness .
For organisations in highly regulated industries such as banking or healthcare, this documentation is not just useful its often mandatory. Financial Stability and Predictability Since Waterfall follows a well-defined schedule and is based on predictable milestones, the methodology makes it easier to manage costcontrol.
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