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The Analysis Phase is where the project lifecycle begins. The Analysis Phase is where you break down the deliverables in the high-level Project Charter into the more detailed business requirements..
At this point, the project team should have a complete set of requirements to work from, a set of direction-setting strategies and a Conceptual Systems Design. The design process comes next. .
This is the point in the project when you actually start to construct the solution. In an IT development project, this is the time to start writing program code.
This test team is usually very disciplined in their testing approach, and they are able to thoroughly test because they do not have any preconceived notions of how things "should" work.
Go-live is the time at which project is delivered and is available for user.