Final answer:
The statement is false; the SDLC planning phase includes more than just project initiation and requirements determination. It also involves defining the problem, conducting feasibility studies, defining project scope, and allocating resources. Detailed design development is a significant part of ensuring a project's success.
Step-by-step explanation:
The statement that the planning phase of the Software Development Life Cycle (SDLC) will have only two steps: project initiation and requirements determination, is false. The planning phase is indeed crucial and generally includes additional steps beyond simply project initiation and requirements determination. For instance, the project initiation step involves defining the problem, which includes investigating potential customers' needs, identifying competitors and their market positions, understanding government regulations or technological constraints, and establishing design effort constraints like personnel, time, and money. The requirements determination step further elaborates on these aspects by clearly outlining the system requirements based on the problem statement and criteria. However, these are not the only steps in the planning phase. Other activities may include feasibility study, project scope definition, and resource allocation.
The development of a detailed design from a design concept is also a significant part of the product design project. This step is crucial because a substandard detailed design can undermine an otherwise viable design concept. A thorough and well-executed design phase is instrumental to the project's success, validating that there is more to planning than just the two steps mentioned.