To design efficient parallel algorithms, some recent papers showed that many sequential iterative algorithms can be directly parallelized but there are still challenges in achieving work-efficiency and high-parallelism. Work-efficiency can be hard for certain problems where the number of dependences is asymptotically more than optimal sequential work bound. To achieve high-parallelism, we want to process as many objects as possible in parallel. The goal is to achieve $\tilde{O}(D)$ span for a problem with the deepest dependence length $D$. We refer to this property as round-efficiency. In this paper, we show work-efficient and round-efficient algorithms for a variety of classic problems and propose general approaches to do so. To efficiently parallelize many sequential iterative algorithms, we propose the phase-parallel framework. The framework assigns a rank to each object and processes them accordingly. All objects with the same rank can be processed in parallel. To enable work-efficiency and high parallelism, we use two types of general techniques. Type 1 algorithms aim to use range queries to extract all objects with the same rank, such that we avoid evaluating all the dependences. We discuss activity selection, unlimited knapsack, and more using Type 1 framework. Type 2 algorithms aim to wake up an object when the last object it depends on is finished. We discuss activity selection, longest increasing subsequence (LIS), and many other algorithms using Type 2 framework. All of our algorithms are (nearly) work-efficient and round-efficient. Many of them improve previous best bounds, and some of them are the first to achieve work-efficiency with round-efficiency. We also implement many of them. On inputs with reasonable dependence depth, our algorithms are highly parallelized and significantly outperform their sequential counterparts.