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The traditional waterfall model in project management is a linear and sequential design approach where progress flows downwards like a waterfall through various phases such as conception, initiation, analysis, design, construction, testing, deployment, and maintenance. This model is best suited for projects which have defined requirements and where changes are not expected at all or can be managed without much deviation from the plan.
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Has your project management approach led to exceeded budget and dragged out time-to-market? Our Agile Project Management presentation provides greater...
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The agile method of project management can be used by organizations of any size. For large organizations with a legacy issue, agile could especially lead to a more efficient workflow than the traditional waterfall model. With agile, managers can take an iterative and collaborative approach to product development and project organization. Agile's focus is on customer needs and minimizes the resources and overhead needed to create a product with true market-fit. The increased flexibility and rapid pace also create faster turnaround times — the ultimate plus for project managers.
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