Agile and Waterfall Project Management
Agile and Waterfall Project Management
What Is Agile? 3
What Is Scrum? 8
FAQs 11
2
Why Does Agile Matter?
The agile process allows teams to evolve and optimize at every
step of the software development process, making it a seamless
and collaborative exercise for all stakeholders, including the
clients. Also, the agile methodology has a proven track record
of providing faster outcomes with greater efficacy and purpose.
What Is Agile?
How Is Agile Different?
Agile is a collection of principles used for project management
and software development. This management and software Agile is different from other types of project management
development approach focuses on incremental steps to complete methodologies in its approach. The more conventional methods
projects, enabling teams to deliver on their commitments in bite- of project management usually progress linearly. Thus, teams
sized steps, in short-term development cycles. undertake the planning, designing, implementation, and closing
stages after completing the previous stages. Project teams
Agile allows teams to continuously revisit and tweak their
using the agile methodology work at the same time on different
requirements, plans, and results. Plus, instead of top-down
stages of the project. Also, development and testing teams work
administration and following established procedures without
concurrently in agile, which is not the case in waterfall testing,
changes, the agile approach leans on speedy delivery,
where these teams work separately.
adaptability, and a collaborative process. Thus, it is one of the
most used project management methodologies for software
development.
The agile methodology is based on the four core values that as customers are continuously involved in designing the product
differentiate it from other project management approaches like and get to shape its contours early on. This early opportunity to
Waterfall and Critical path method. provide feedback reduces the chance of significant changes at
later stages, eliminating the chances of excessive rework.
• Individuals and interactions over processes and tools
The Most Efficient and Effective Method and setting achievable targets to avoid overburdening project
Working Software Is the Primary reduce work and gain more control over the project.
Measure of Progress
professionals for a project, they must let them act without The development of the product begins after the team
interfering in the decision-making process. finalizes its details after consultations with the client and other
stakeholders. Developers start by building the first “cut” of the
product to create a usable version at the end of each sprint.
At Regular Intervals, the Team Reflects
The team then revises this “cut” multiple times before releasing
on How to Become More Effective,
the final version. Therefore, this version of the product offers
Then Tunes and Adjusts Its Behavior
only basic functionality. Teams can deliver by collaborating,
Accordingly
maintaining quality, aligning with the stakeholders’ priorities, and
providing working products after every cycle.
The best teams pause to reflect on their successes and setbacks
to learn, unlearn and tweak their processes to ensure they 4. Production
deliver better results. Agile does not advocate a strictly-defined The end-users can use the product in the production phase.
approach but continuous improvement with every release. Here, the teams must monitor the software for defects or
But this aspect of continuous improvement also pertains to bugs that they may have overlooked during the testing phase.
processes and teams. Thus, the agile methodology encourages Meanwhile, the product teams train the support teams and
creating a constantly engaged group of professionals who are transfer product ownership to them. Support teams help the
fixated on improving productivity and delivering better results. client address any grievances and offer after-sales services.
5. Retirement
Phases of Agile Project The ‘retirement’ phase is called the ‘end of the product life
cycle’ because companies no longer produce the product.
Management Thus, they inform customers about migration to newer releases
or offer them alternatives to retain them. Products are usually
retired because companies move to new releases or do not
Agile methodology lets teams break the software development
support the older release. Sometimes, companies also factor in
project into smaller segments. This approach helps create a
the product’s cost-effectiveness before making these “phasing
more satisfactory and beneficial product for the client in a much
out” decisions.
shorter timeline. Agile project management encompasses five
stages. They are also called Agile System Development Life
Cycle (SDLC).
This is the first stage in the life cycle and is called the “initiation”
or “envisioning” phase. The teams first outline what the project
intends to deliver and validate the ROI without discussing specific
details. Here, managers identify the resources and determine
the time required to complete the project. This exercise helps
evaluate the costs involved and assess whether the project is
financially viable. In addition, this phase determines the “what,”
“why,” and “how” of the project.
7
2. Iteration
The teams collectively discuss the list of features available in
the final product and ways of creating them. Then, they focus on
breaking down the project into several high-level milestones and
finalizing the project delivery timeline. The teams understand the
assignments critical to the project’s success, prioritizing some
2. More Flexibility
Advantages of Agile
Project Methodology
1. Attention to Excellence
The agile methodology focuses on creating technical excellence
by doing away with fixed processes that create bottlenecks in a 3. Collaboration
team’s approach to software development. Here, the emphasis Agile encourages a collaborative approach where teams are
is on continuous feedback from clients and other departments, not working in isolation. Instead, all stakeholders of the project,
creating a better understanding of the marketplace dynamics including clients, are equally involved in shaping its outcome.
and the software’s workings. These cumulative advantages This approach helps bring new and untapped ideas on board
enable developers to build better software that is more in sync and provides unique perspectives to developers that they
with the clients’ expectations and more likely to solve customer may otherwise overlook. Diverse perspectives lend more 8
pain points. inclusiveness to the process.
4. A Highly Client-Centered Approach Ensures 3. The Absence of Documentation Can Confuse Teams
Customer Satisfaction
6. Cost Rationalization
Using agile project management methodology, teams separate
An agile method can help teams reduce project cost as teams
extensive data into bite-sized user stories. . Thus, developers
can review the budget at the end of each stage before making
can find it challenging to understand precise customer
future decisions. It enables teams to understand the costs of
requirements as they do not have any documented plan or
every feature that they can consider before making strategic
detailed approaches to follow. This lack of procedures or
decisions. This ability allows them to conclude whether or not
defined processes can confuse team members when they move
they will continue, withhold or nullify tasks or the project.
from one stage of the project to another.
4. Does Not Work for Projects That May Require Changes and
Disadvantages Run for Long Durations
1. Difficult to Predict the Project’s Cost 5. Frequent Client Input Can Change the Scope of the Project
Teams can have difficulty anticipating the project’s cost as they Clients can change their requirements frequently, broadening the
cannot accurately forecast efforts like cost, time, and resources scope of a project – sometimes even changing the deliverables
when beginning a project. This drawback makes it challenging entirely. In addition, as deliverables change, teams may have to
for clients to earmark a specific budget. Thus, they may have to re-write code completely, which is a time-consuming exercise.
hold extra funds in reserve, anticipating additional expenditure Frequent changes can also confuse team members about the
during the project. task priority, causing burnout and impacting the quality of the
output.
2. Change Is Difficult to Implement
Not all team members and clients are progressive and open to
change. Some of them may want to work on pre-decided plans.
Such team members and customers may find agile methodology
too fluid and resist changes, increasing friction and delaying
outcomes, which is counter-intuitive to the concept of agile 9
project management.
Tips for Becoming Which Project
Agile Management
Methodology Is Right
The following are some tips that can help organizations and
project managers become more agile.
There are no “wrong” project management methodologies or
1. Hire the Right People “perfect” ways to manage a project. What’s best depends on
Agile is all about collaboration among professionals with the the demands of the project under consideration. Teams must
necessary skill set. The right people in the right jobs is critical for the evaluate their needs and the project’s scope, and assess a
success of agile teams. Therefore, managers and organizations method’s advantages before adopting a project management
must hire professionals who have essential expertise in the method.
tools and external processes required to succeed. Plus, they
They must assess whether or not the method offers guidelines
must share cultural values, primarily when most teams operate
to formulate and manage critical factors, including budget,
remotely and physical meetings are rare.
members, resources, timeline, and stakeholders. Other factors
to consider are customer and stakeholder involvement, industry
2. Use the Right Project Management Tools
and sector, timeframe, and budgetary allocation. Teams can
Selecting the right project management tool is vital for
choose a methodology after carefully considering these factors.
streamlining deliverables and for seamless collaboration.
Therefore, organizations and project managers must select a
PSA (Professional Services Automation) tool that uses AI to offer
real-time visibility into important metrics, streamlines resourcing,
financials, and project information, giving an up-to-date live view.
Managers must also ensure that they can leverage historical
and real-time data to quickly adapt to changes and make
instantaneous decisions.
About Polaris
Polaris, the world’s first Self-driving PSA, has created a new category for Professional Services
Automation. For the first time, leaders get intelligent help with decision making as Polaris does
the heavy lifting, analyzes real-time data, and delivers live recommendations on the best possible
choices for them to decide from. Polaris is created by the team at Replicon, the Time Intelligence
company, with over 25 years of industry leadership in enterprise time tracking. Replicon supports
thousands of customers across 70 countries, including PwC, SAS, NTT, NSC Global, Omnicom,
and Aon.
01
Introduction
02
What Is the Waterfall Project Management Methodology?
03
The Phases of Waterfall Project Management Methodology
04
Pros and Cons of the Waterfall Project Management Model
05
When to Use the Waterfall Project Management Methodology
06
Alternatives to the Waterfall Project Management Methodology
07
Choosing the Right Proiect Management Model
2
Introduction
For any organization, project management plays a crucial been developed over the years, one of which is waterfall
role in ensuring end services or products are delivered as project management. This guide will provide you with an
intended while meeting specific criteria such as budgets in-depth understanding of all you must know about the
and timelines. Due to its immense importance, various waterfall methodology to successfully leverage it for your
project management methodologies and techniques have project management needs.
below.
SYSTEM
REQUIREMENTS
This method’s success or failure depends on the effort
SOFTWARE
REQUIREMENTS
given during the initial phases. As most of the research and
ANALYSIS
planning are done early, the estimates for each phase are
PROGRAM
DESIGN
more accurate, resulting in more predictable outcomes.
CODING
Any change to the project parameters usually means a
TESTING
complete or partial rework of the previous phases, making
it more complicated and more expensive to change course
One of the most traditional project management once the project is underway. As a result, changes to the
methodologies, the waterfall model is particularly useful in project phases or goals are typically discouraged.
4
The exact tasks and activities involved in the Typically, the testing phase in a waterfall project
implementation phase vary greatly between industries, management system is of a short duration. After all, the
but the goal remains the same – get the deliverables highly detailed planning and designing phases should
ready. For example, a manufacturing organization may weed out most potential issues in the final deliverable.
use the implementation phase to create a prototype of Nonetheless, project managers must consider a way to
the product. On the other hand, a software development discover, report and fix issues as the project progresses
company will find its implementation phase filled with instead of leaving it all for the testing phase.
coding activities and release milestones.
5. The Deployment And Maintenance Phase
4. The Testing and Verification Phase Once the deliverables are tested, they are deployed to
Thorough testing is necessary before the deliverable, stakeholders or clients as the finished product or service.
whether a product or a service, is rolled out. Every project In many cases, this also involves an official product or
deliverable needs to satisfy some criteria laid down by the service launch. However, for most industries, this does
project stakeholders. The deliverables are checked during not mark the end. Instead, the project then moves into the
the testing phase to see if they meet those criteria. maintenance phase. During this phase, minor modifications
For example, in a software development project, testers may be made to the product or service to improve
may need to check for errors in the code. Another performance or rectify defects. Stakeholders may even
example is a manufacturing project where the end product request new features or capabilities during this phase.
must be tested against safety standards.
Pros Cons
8
Choosing The Right Project
Management Model
The waterfall project management methodology offers At the same time, it is essential to have the right project
several benefits for certain kinds of projects. However, management platform in place. With the correct project
the choice of the project management model clearly management tool, managing the project and its variables
depends on the various aspects of the project, such as its becomes significantly easier. A good tool will enable
timelines, deliverables, budgets, requirements, and more. complete visibility into all project data and metrics, which,
Therefore, a careful analysis of the project against existing in turn, enables a smarter decision-making process.
methodologies is important when undertaking any project.
About Polaris
Polaris, the world’s first Self-driving PSA, has created a new category for Professional Services
Automation. For the first time, leaders get intelligent help with decision making as Polaris does
the heavy lifting, analyzes real-time data, and delivers live recommendations on the best possible
choices for them to decide from. Polaris is created by the team at Replicon, the Time Intelligence
company, with over 25 years of industry leadership in enterprise time tracking. Replicon supports
thousands of customers across 70 countries, including PwC, SAS, NTT, NSC Global, Omnicom,
and Aon.