What is Traditional Project Management?
Traditional project management, also known as the waterfall approach, is a concept that follows a sequence of phases, including flexibility check, tasks assessment, resource planning, development, testing, and support. Each step follows another stage in a sequence. You cannot jump to the next phase without completing the previous phase. Thus, the traditional project management is not flexible enough to suit large projects as it has no scope of changing the requirements after the project development phase has started.
What is Agile Project Management?
Why Is Agile Project Management Preferred Over Traditional Project Management?
There are various reasons due to which project managers prefer agile over traditional project management. Let’s go through some of the most critical ones
Scope of Changes
When it comes to the traditional approach, the project budget and delivery time are fixed before the project is initiated. So, the chances of making changes in the middle of the project management become difficult or even impossible. Agile project management allows changes at any level of project management. It makes it easy for the project managers to tweak the process or create any kind of changes while the project is in its building phase
Adaptability to Unexpected Situations
As traditional project management follows a linear approach, complexities in the project can block the entire process. Agile project management is best suited for large and complex projects as those kinds of projects have many variables connected. At the same time, the traditional approach is meant for the single-phase connected kind of projects that are not complex in nature.
The traditional approach allows client involvement only at the starting phase of the project. So, until the project ends, there are many unnecessary expenditures and mistakes that the client may not approve of. The agile process keeps the client in the loop at every project lifecycle stage and eliminates situations that clients disagree about and create discrepancies.
How Do You Choose The Right Project Management Methodology?
Choosing the correct project management methodology is essential as it can help the entire organization achieve the intended goals for that particular project. It becomes easy for the project manager and the entire team working on the project to follow the right path, get the best out of each resource, and stay within the budget. Certain factors can impact choosing the suitable project methodology like cost & budget, team size, ability to take risks, flexibility required, timeline, client and stakeholder involvement.
There is no perfect methodology for a particular project. You need to often apply two or more project methodologies to accomplish success and achieve predetermined goals. Using a single traditional project management methodology might not suit the current situation and growing competition these days. Thus, the time is now to move on with the progressive project management methodology like agile and win the race.