Project Management Report: Agile vs Waterfall Methodologies Analysis

This report delves into the realm of project management methodologies, providing a comprehensive overview of two prominent approaches: Agile and Waterfall. The report commences with a definition of methodology and its significance in project management, emphasizing the role of a project manager in achieving project goals within budget and time constraints. It then explores the Agile methodology, highlighting its core values, including people over processes, customer collaboration, and adaptability. The report contrasts Agile with the Waterfall methodology, a traditional, sequential approach. Finally, it examines the association of Agile and SDLC with PLC, providing insights into the application of these methodologies in software development projects. The report includes references to support the information.

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Contents
Methodology- definition..................................................................................................................3
Role methodology serves in project management...........................................................................3
Agile methodology..........................................................................................................................3
Waterfall..........................................................................................................................................4
Association of Agile and SDLC with PLC......................................................................................4
Reference.........................................................................................................................................5

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Methodology- definition
A methodology can be defined by a system based on varied practices, tools, process as well as
rules that are used by those rules who likes to work in a discipline. Waterfall and Agile are some
of the good examples of methodologies that will be discussed in detail in the report below.
Role methodology serves in project management
The company set some goals and plan outcomes within a definite plan as well as a budget with a
manager that utilizes a project. Instead of field or any kind of trade, there must be some kind of
assortments of different methods in order to assist the manager at every phase of a project from
the starting to execute to the present closure (Hill, 2013).
Agile methodology
The base of the Agile based methodology was introduced by seventeen people in the year 2001
in writing. This methodology also put forth an important mindset by providing values and
associating with consumers (Crawford, 2014). The four main values are discussed below: -
1. People and conversation over process and techniques
2. Work in software over proper and discussed documentation
3. Customer association over negotiation of a contract
4. Response to transform over making and follow a plan
In the present time, Agile can be defined as such values along with framework for executing
them which also include extreme program and other framework like adaptive project (Batselier
& Vanhoucke, 2017). The team that is working on the project work in iterative way of cycle that

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always tests the final outcomes. Depend on the final outcome of the tests; the deliverable should
be transformed to get better solutions for the need of consumers. Constant association is
actually a key where both the project members of the team as well as with stakeholders.
Waterfall
This technique is about sequencing the work that leads to final offer and work on them in proper
function. This methodology is called as waterfall methodology which can be called as traditional
way for management of projects and the one that is simple and easy to understand. One work that
should be finished before the next starts that too in a related pattern of present items that actually
add to the complete deliverables (Tourond et al, 2017). It can be called as an ideal way for the
projects that actually come out as physical objects and with project plans that can be simply
duplicated for the future.
Association of Agile and SDLC with PLC
Agile methodologies are for projecting that require extreme level of agility in needs. The key
characteristics of agile methods are in short term cycles for delivery with need of agile, with
dynamic culture of the team with less limited control on project and attention on communication
in the real time (Turner, 2016). This model is taken as a legacy based model in order to have a
software development projects. The methodology should be done in practice for almost ten years
right before the new method were introduced at later stage. The current model is based on
development related lifecycle has also fixed some stages and with liner level of timelines as well.

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Reference
Batselier, J., & Vanhoucke, M. (2017). In this paper, the earned value management (EVM)
project control methodology is integrated with the exponential smoothing forecasting
approach. This results in an extension of the known EVM and earned schedule (ES) cost
and time forecasting formulas. A clear correspondence between the established
approaches and the newly introduced method–called the XSM–is identified, which could
facilitate future... International Journal of Project Management, 35(1), 28-43.
Crawford, J. K. (2014). Project management maturity model. CRC Press.
Hill, G. M. (2013). The complete project management office handbook. CRC Press.
Tourond, D., Moore, H., & Kotani, N. (2017, March). Critical Success Factors and Engagement
Methodology for Successful Project Delivery. In ITCH (pp. 336-339).
Turner, R. (2016). Gower handbook of project management. Routledge.