A multimedia development project requires a team of experts in various media specializations working together according to a development plan. The plan outlines a three stage process: definition, design, and production. In the definition stage key documents like a proposal, storyboard, and functional specification are created. The design stage produces media elements and a prototype interface. The production stage integrates all elements for testing and release. Effective multimedia development relies on collaboration between specialized team members and adherence to the iterative development plan.