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You are a new employee for a software company who are not familiar with lifecycle models and methodologies and the benefits they bring.  Write a memorandum to the CEO explaining the benefits and importance of using a staged life cycle model in a systems  investigation .  Also explain the ‘pitfalls’ if a life cycle model/methodology  is not followed and what the consequences would be and use real life ICT ‘project failures to illustrate this.   You should also recommend a methodology that this company could use

 1.2          Discuss the importance of following a procedural /staged lifecycle in a systems investigation

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