The project management method has advanced after introducing the Agile framework, this is a totally new approach to project management. We are using this method nowadays in the product as well as service development.
The traditional method to project management generally has the following phases:
- Monitoring and Controlling
There are some problems with the waterfall methodology regarding project management One of them is that we accept that once a stage of the project is complete, it will never be re-visited again; this is not possible. It is not easy for the client to deliver all the requirements correctly right at the beginning of the project.
Project Management Approaches
An alternate approach such as the Agile approach which is a more suitable and practically possible solution. While managing critical projects it would be valued finding out a different approach, a combination of both project management techniques- Agile and waterfall methods; for example, the phases of requirement collecting, Design, etc., may use waterfall method. We might use the Agile method for the Execution stage of the project. Also, we can introduce some of the significant organizational processes and approaches. This will help us develop the most possible method or techniques to deliver the project. The Agile method of project management is being chosen for managing most of the projects. In former project management, we perform the standard phases of project management.
The team performs the project management stages in the proper order. It is very cumbrous for any phase to be re-visited; but in real time, there could be some changes in the requirements from the clients. In such a situation, the phases may need to be re-visited. If we have to re-execute a particular phase, it will raise the project budget and scope. This will also rise re-work for the project team. So, it becomes a very difficult scheme if we use the waterfall approach
The waterfall is a project management method where a project is finished in separate stages and moved step by step toward final release to customers. You estimate a big plan ahead and then execute in a linear way, hoping there will not be any changes in the plan. When you go for traditional project management and apply it to project enhancement, you get Waterfall. As such, no one waterfall – but, we gave it name once we recognized that there are other ways to manage projects (e.g agile project management).
The waterfall was the first project development approach, inborn from construction and manufacturing industry where you cannot pay for to iterate (for example you have built a tower or a bridge you are not able to go back to “expand” the foundation). But because the software is disposed to frequent change, the waterfall is not the best answer. The waterfall is often stated alongside Agile and stands in divergence to it.
The main difference between waterfall and agile is that waterfall does not react fine to frequent changes, that is why it gets a bad reputation in the software development community, where frequent changes are the must.
In the Agile method, we build the service or product in small iterations. We are able to accommodate any changes in product specifications in the next sprints. We are able to build changes in the product or service. So, the Agile team also can manage the modification and change requests better. This method is cost-effective and also does not extend the project scope to a great extent.
The project budget also does not rise as we incorporate the modifications in the next sprints. This also means that we do not have to revisit a specific phase. This is a great benefit over the traditional waterfall project management method.