Traditional vs. iterative project management

- [Voiceover] Let's examine two common approaches…to project management.…We'll also look at how to identify which method…makes sense for your project.…We previously talked about the five main process groups…in project management.…When each one occurs one after another,…it's known as traditional project management,…or the Waterfall Approach.…Waterfall project management works well…when the project goal and solution…are clearly defined, and the scope and deliverables…are clear cut.…

Because you understand what needs to be done,…you can step through each project management…process group once from start to finish.…The more you know about the project,…the better the Waterfall Approach works.…Simple projects with little uncertainty…are great candidates, because you know…what needs to be done,…and how to handle issues that arise.…With familiar technology, your team can be productive,…because they know the potential problems…and how to work around them.…

A team that has worked on similar projects in the past…can be more productive, because they understand…