During this phase, we conduct extensive research to gain a thorough understanding of the product's characteristics and requirements. The roles and responsibilities of each team member, the scope of the project and the Minimum Viable Product (MVP) to be developed will be defined. The team also selects the appropriate tech stack, creates wireframes, and develops a prototype to test functionalities and gather feedback. In short, this step establishes the roadmap for the rest of the project.

The results and conclusions reached so far will help us establish a set of high-level features that will ensure the product is closely aligned with the client’s vision and goals. In the process, we'll find out the type and amount of resources required to make it.
This phase also involves going deep into risk management in order to identify, analyze and respond to any potential risks that may arise during the project's life cycle. By proactively addressing them, we can mitigate their impact and prevent potential delays or setbacks, as well as better equip the product to compete in the market.

Now we’re ready for takeoff! At this stage, we wrap things up to deliver the following:

● Product Definition: A comprehensive document outlining the product's features, requirements and functionalities.
● Flow Chart: A visual representation of the product's flow and how it interacts with different components.
● Architecture Diagram: A high-level diagram illustrating the system's architecture, including its components, interactions and relationships.
● Roadmap: A detailed plan outlining the project's milestones, timelines and deliverables.

These documents provide a clear and complete picture of the product and its development journey, ensuring that all stakeholders are informed and in sync.