The V-Model is a project management framework that has five phases. It was developed by the International Institute for Management Development in Switzerland. The first phase is planning, which involves creating a project charter, developing a project plan, and creating a work breakdown structure. Phase two is executing the plan, which includes planning and executing tasks along with monitoring progress. Phase three is controlling and closing the project, which includes monitoring progress and performing quality control. Phase four is analyzing the results of the project, which includes analyzing performance data to see what worked well and what did not work well with the project's plan.