Since its inception in 2001, the method has anchored itself as the preferred approach to software implementation for many businesses seeking to maintain a competitive edge in the market, especially as products become more tailored to individual client requirements.Īgile methodology has expanded over time to be a useful guide to the development of any “solution,” an umbrella term inclusive of non-software projects, that has dynamic customer and product requirements. The method is built on smaller iterations, or “sprints,” which are constantly revised and improved upon to guide the scope of the project. Agile and Waterfall Project Management: At a GlanceĪgile is a customer-centric approach to project management focused on quick deployment and flexible adaptation to change. With this historical backdrop in mind, let’s dive into what these methodologies are all about and how they measure up to each other. Interestingly enough, its 17 founding fathers believed in its mission enough to draft up a manifesto, which prioritizes principles like communication, functionality, and change over the old order of extensive documentation and rigid planning. With a move away from older software models shipped to customers only once all components were fully developed, whose value was tied to its function as a whole as opposed to its individual features, Waterfall gradually began to lose favor among developers.Ĭue the early 2000s, when the Agile method came into play in response to an emerging business model in the software space marked by speed in delivery and on-demand customization. Waterfall Methodology: A HistoryĬodified back in the 1970s, the Waterfall method is an institution in project management, and was once considered the gold standard. Let’s first take a brief look at the historical context from which these two methodologies were born. In this article, we will explore what each methodology is, what they do well (and not so well), and the factors to consider when choosing the right method for your business. In a landscape where processes are constantly evolving to match the demands of the market, the Agile approach has eclipsed Waterfall project management, the strategy that historically dominated software development everywhere. Waterfall and Agile are two historically well-known project management methodologies, but for different reasons. Here at Pricefx, with over a decade of experience helping businesses roll out more efficient pricing processes with the help of our cloud-native pricing software, we recognize that software implementation can be a beast to manage – and for that reason, it’s crucial that its stakeholders employ the right project management strategy to get the job done well. When your business doesn’t fully understand how each project management style serves them (or doesn’t), choosing the wrong one could cost them valuable time – and money – they can’t afford to lose. With “agile” becoming a popular buzzword in and of itself in the business world in recent years, it can be difficult to gauge what it all really means. You’ve probably come across references to Agile vs Waterfall project management at least once in your career, or at the very least in a throwaway comment in your LinkedIn feed.
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