Waterfall and Agile project management practices are the two main trends in modern product development approaches.
The approach applied by most Project Managers, to stick to a single methodology while excluding other options, is in my opinion wrong. In project management, one must be flexible and familiar with a wide palette of strategies and methodologies, rather than following strictly imposed laws. After all, it would be in everyone’s best interest to get the job done perfectly. Reference: “Waterfall project management and Agile product management approaches“, https://projectmanagers.wpdevcloud.com/waterfall-project-management-and-agile-product-management-approaches/
Although I lean more towards the Agile concept, I by no means rule out the use of Waterfall when the circumstances warrant it.
Waterfall project management
Waterfall is a conservative linear model for software development and project management. , in the application of which the phases of the project are executed sequentially, i.e. a phase cannot begin before the previous one has ended. Reference: “Agile methodologies and Waterfall project management“, https://projectmanagers.business.blog/2023/01/14/agile-methodologies-and-waterfall-project-management/ This approach is usually used in the implementation of smaller projects. What are its advantages:
-goals and direction are determined
-easy to understand
-easy to manage
-fewer production problems
-more effective budget management
And here are its disadvantages:
-unexpected risks are difficult to overcome
-not a good model for complex and long-term projects, More on the topic: “Comparison between Waterfall and Agile project management”, https://scrumtime.org/comparison-between-waterfall-and-agile-project-management/
– it is difficult to meet all requirements on time
Agile project management
Agile, on the other hand, is an approach to project management and software development that emphasizes flexibility, collaboration, and customer satisfaction. It was originally developed for software development projects, but its principles have since been applied across a wide range of industries.
-flexibility: Agile allows teams to react to changing requirements and adjust their plans as needed.
-customer satisfaction: Agile places a strong emphasis on delivering valuable, working software to the customer as often as possible. This helps ensure the customer gets what they need and keeps them engaged in the process.
-continuous improvement: Agile practices, such as retrospectives and continuous improvement cycles, allow teams to continuously refine their processes and improve their work.
-lack of predictability: Because Agile prioritizes flexibility, it can be difficult to predict exactly when a project will be completed or what its result will be.
-more overhead: Agile requires regular meetings and constant communication, which can increase overhead and take time away from other work.
-requires discipline: Agile requires discipline and commitment from all involved to work. If the team does not follow Agile principles, the process can collapse.
-lack of structure
More comparisons of Agile and Waterfall project management
- “Using Waterfall and Agile project management methodologies“, mpmu.org/using-waterfall-and-agile-project-management-methodologies/
- “Agile and Waterfall in project management practices and processes“, polyscm.com/agile-and-waterfall-in-project-management-practices-and-processes/
- “Similarities and differences between Agile and Waterfall project management”, w-europe.org/similarities-and-differences-between-agile-waterfall-projectmanagement/
- Agile vs Waterfall: The Difference Between Methodologies, libraryofmu.org/agile-vs-waterfall-the-difference-between-methodologies/
- “Waterfall, Agile, Scrum and Kanban methodologies”, stc-montreal.org/waterfall-agile-scrum-and-kanban-methodologies/
- “Agile and Waterfall project management practices“, mstsnl.net/agile-and-waterfall-project-management-practices/
- Comparison of Agile, Scrum and Waterfall project management, eduwiki.me/comparison-of-agile-scrum-and-waterall-project-management/
- Agile, Scrum and Waterfall project management, ossalumni.org/agile-scrum-and-waterfall-project-management/
- “Waterfall and Incremental model in project management“, wikipedia-lab.org/waterfall-and-incremental-model-in-project-management/
- Waterfall or Agile? What methodology to choose for your project?, pm.mba/posts/waterfall-vs-agile/
- “Waterfall and Agile project management methodologies and when to use them“, agileprogramming.org/waterfall-and-agile-project-management-methodologies/
- “Waterfall vs Agile project management methodologies“, dobrojutro.net/waterfall-vs-agile-project-management-methodologies/
- “Agile vs Waterfall project management“, pgov.org/agile-vs-waterfall-project-management/
- “Scrum vs Kanban vs Waterfall: Differences and when to use each methodology”, managerspost.com/scrum-vs-kanban-vs-waterfall-differences/
- “Agile vs Waterfall Methodology – What are the differences“, islandjournal.net/agile-vs-waterfall-methodology-differences/
- https://www.businesspad.org/agile-vs-waterfall-difference-between-methodologies/: www.businesspad.org/agile-vs-waterfall-difference-between-methodologies/
- Agile vs Waterfall management methodology, http://www.kosovatimes.net/agile-vs-waterfall-management-methodology/
There is also an option to use a hybrid model. It usually combines several methodologies. His idea is to extract the best from Agile and Waterfall to create an individual approach to the specific project. In the hybrid approach, the project is divided into smaller Agile-style parts, but the overall process is still guided by the sequential Waterfall-style phases. It can offer many advantages, such as the ability to react to changing requirements and incorporate feedback, while providing the structure and predictability of a Waterfall approach. It can also be a good choice for projects that require both the speed and flexibility of Agile and the rigor and structure of Waterfall.
However, it is worth noting that the hybrid approach can also have its challenges. For example, it can be difficult to balance the needs of different methodologies and create a process that effectively combines the strengths of Agile and Waterfall. Additionally, it can be difficult to find the right team members who have experience with both methodologies or to train existing team members in the hybrid approach.
It is extremely important to make the right judgment and make an informed decision based on calculations and analysis before proceeding to adopt a particular methodology. This would guarantee maximum optimization of the project and therefore its success.