Traditional project management is a well-established practice that involves running projects in a sequential order. Initiation, planning, execution, monitoring, and closure are the steps in the process. Time and budget are variable in the traditional process, while needs are fixed, resulting in financial and timeline concerns.
For each step, there are tools and techniques defined by the standard PMBOK® method and followed by the project manager.
Advantages of traditional methodology:
- Clearly defined goals.
- Controllable process.
- The document was cleared.
- Greater responsibility.
Although agile is a universal method of software development, it is largely based on teamwork, collaboration, time-boxed tasks, and the flexibility to respond to changes as quickly as possible. Chapter Agile Manifesto has important value.
Advantages of agile project management:
- Flexible prioritization.
- Early and predictable delivery.
- Predictable cost and schedule.
- Improved quality.
- Higher transparency.