Question: The decision as to whether or not an IT development project is worth carrying out ( the go or no - go

The decision as to whether or not an IT development project is worth carrying out (the "go" or "no-go" decision) is provided at which phase of the systems development life cycle (SDLC)?
build phase (just after system design and before programming)
implementation phase (just before installation)
definition phase (just after investigation and before feasibility analysis)
definition phase (just after feasibility analysis and before system analysis)

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