Answered Essay: Class, let's start by outlining the two methodologies. In what ways does Agile differ from traditional PM?

Class, let’s start by outlining the two methodologies. In what ways does Agile differ from traditional PM?

Expert Answer

There are two approaches in project management – Traditional Project Management and Agile Project Management.

Traditional Project Management works for most of the construction projects where the whole project is completed in one sequence. And the success is defined by completion of the deliverables in stipulated time and budget. An Agile project management is better suited to volatile and innovative projects such as software development, where there are different risks associated, scope of the project could likely change.

Agile project management focuses on the customer and his priorities, where it is flexible with changes in customer requirements and plans. Traditional project management focuses on the exact requirements of the customers and their plans and strict adherence to the plan.

In Agile Project management, customer requirements are variable, where as time and cost are fixed. Since the project managers do not use work breakdown structure but volatile and innovative features which focuses on creating value to the customer and ensure that the projects are completed within the time frame and budgeted cost. On the contrary, in the Traditional Project management Customer requirements are fixed, where as the time and cost are variable. There could be increase in the cost or time based on the complexity of the project. Project managers in this project management use work breakdown structure first and make plans out of it. Hence any deviations in the project are not allowed.

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