Project Management Methodologies: Agile vs Waterfall

Running head: PROJECT MANAGEMENT 1
Project Management
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PROJECT MANAGEMENT 2
Introduction
Methodology in project management is described as a system of rules, procedures,
and practices which are rationally interconnected to each other to determine how to plan
appropriately, advance and regulate a project through an interrupted implementation of
processes until the completion and close of a project successfully (Mahadevan, Kettinger, &
Meservy, 2015). Therefore, methodology helps the project manager to be in the position to
understand the different phases in a project lifecycle with well-defined duties and
responsibilities. As a result, methodology aid to outline the project’s specific roles allocated
to particular personalities, in particular, the role played by the top project managers as well as
sponsors in decision-making and governance of the project. In this sense, the methodology
helps the project to structure its processes, and activities in an organised manner to avoid any
disgusting surprises (Joslin, & Müller, 2015). Accordingly, a well-structured method of
project management has proved over time to aid project managers in delivering a successful
project because of the following significance brought by project methodology.
 Effective decision-making: Methodology gives clarity on the roles and responsibilities
as well as expected conduct from dissimilar project team players which allow for
effective decision making.
 Controlled project scope: A well thought out approach helps in managing scope,
which is a major cause of time overruns and cost.
 Helps the client to know what is anticipated: Project management approach aid in
ensuring that the client together with the project team gets into an agreement on what
is to be delivered.
 Enhanced problem resolution: Through risk management course project management
work to ensure that most risks are anticipated and prepared for through
communication which helps to avoid a surprise in case a risk occurs.

PROJECT MANAGEMENT 3
 Happy and highly inspired team. A projects which are well-controlled with little-
unexpected bombshells is more pleasurable to work on. Thus, a cheerful project team
is better encouraged hence work more meritoriously.
Project Management Methodologies
The most common and widely used project methodologies include agile, waterfall,
Project Management Body of Knowledge (PMBOK), PRINCE2, Kanban, Scrumban, Lean
methodology, Extreme Programming (XP) methodology, and critical path methodology
(CMP) among others (Baptista, Santos, Páscoa, & Sändig, 2016).
Choosing the Right Project Management Methodology
Accordingly, choosing the right project management methodology plays an essential
role towards defining that way in which the work will be performed (Vijayasarathy, & Butler,
2016). Since project management methodologies act as the compass direction in giving
direction on how the project should be conducted it is wise to choose on a methodology that
bests suits with the project resources, client’s specifications and the timeframe. In the case of
this project the two methodologies that will be compared and contrasted are Agile and
waterfall methodologies. Agile methodology is a software development procedure in which
the software is developed iteratively which involves incremental work cycles. On the other
hand, waterfall methodology takes a sequential progression of phases carried out throughout
the software development life cycle (SDLC) whereby one the initial step has to be completed
to move on to the next phase.
Differences between Agile and Waterfall Methodologies
i. For waterfall, the software development course is split into distinct stages whereas
Agile methodology segregates the project development sequence into sprints.