Different ways to undertake projects

There are different ways to undertake projects.

Project Managers need to be aware of the options available to select the right approach for a specific situation.

Let’s analyze four types of life cycles:

  • Predictive life cycle: the Project Manager  focuses on defining the scope for the project. Then he/she develops a plan on how the product can be delivered. Finally the plan is executed through project phases. 
  • Iterative life cycle: the phases can overlap or happen sequentially. The cost and time estimates are modified routinely especially when the understanding of the product increases.
  • Incremental life cycle: it develops a product through the implementation of incremental steps which have predetermined timeframes. 
  • Agile life cycle: it is both iterative and incremental to refine work items and deliver frequently.

Keep in mind: we can say that agile is at one end and predictive is at the other end.

Francesco Pecoraro

Francesco has extensive experience as a project, program and portfolio manager, project management officer (PMO), digital transformation and strategic consultant. He is also considered a communication, public speaking and leadership expert.

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