Release strategy in real time??

hi all

If we are starting any new project , what is the first step in Release strategy configuration work as MM consultant.

FOr example ,

we have collected the requuirements fron clients place.

Then what is the next step in configuration (Release strategy).

For example client is asking for 2 level of Release strategy.

Approval limit is, 1st level upto Rs 100000 is for HOD and 2nd level more tht Rs 100000 is for MD..

Can anybody explain , how we should go about this in any reliazation phase ??

explain me step by step

Thanks

SAP-MM