This was incredibly informative and easy to understand too. I appreciate how it felt like I was a student listening to my professor in a one-on-one lecture. I took notes and all! Thank you
Hello Dear Kandis! Thanks a lot for the video. You know that's one support a struggling me needed working on a weekend, trying to crack how to explain to stubborn customer's management team, that "let's apply Agile! Let's find a coach to lead us in Agile way!" Is not something we need to focus on, while we have clear requirements, immovable due date, and 5 months in toral for a more complex implementation project stage, while the previous one took twice more time with easier scope already. Thank you for the information, vision, clear examples and suggestions. I very appreciate your help! The whole video is done very good as well -kudos for the team! All the best!
Thanks, Rick! I’m glad it was helpful. Feel free to pass the video along…sometimes it is easier than explaining in words, ha ha! Best of luck on your projects.
Greetings Kandis. This is where labels end up seemingly locking folks into boxes unnecessarily. Company directives scream, go agile, but be sure to capture all the requirements and timelines upfront, and you BETTER stick to those dates! Um... that's not Agile. My team screams, hey, don't press me for deadlines maaan... I'm thinking about this one deliverable. Take it easy dude. Don't stress out. Hybrid seems to make the most sense... but the only way to sell it, is to give it a label. I suggested the "Push AGILE off a Waterfall" method, but for some reason, that didn't go over well. :-/
Hi Dan! I feel that often times leadership need educated on the differences between Waterfall and Agile methodologies. I think people often associate agile project management with organizational agility / resilience, which is very different in my opinion. I think working with the same definitions / terminology can help align the best methodology to the type of project (which is very important!). Wishing you the best on your projects. PS I love the realistic way you painted the picture in your comments, ha ha! Classic.
Thanks, Andrew! Are there any other concepts/terms that have come up during studying for the PMP that would be helpful for me to explain via a video? I’m always looking for new ideas! Best of luck!
This is great to hear, Robert! You may find the Agile manifesto interesting, as it was developed for software development, when Waterfall approaches weren't meeting the need: agilemanifesto.org/. Enjoy!
Thank you! I'm on my way to becoming a project manager. Your video really helped me understand the differences between the waterfall, agile, and hybrid approaches. I look forward to watching more videos from you.
Thanks, Carlos! I grew up managing projects with waterfall early in my career and it is interesting to learn new ways to successfully execute! Best of luck to you.
@@PMPexpert Thank you. In fact, I would really appreciate your help shedding some light on my way to becoming a PM. Currently, I'm enrolled in the Project Management course offered by Google on Coursera. Then, I plan to pursue a CAPM and finally a PMP. Am I doing the right thing?
@@carlosreyesp8575 that sounds like a great plan! If you don’t already have a copy of PMI’s PMBOK 7th edition, I recommend obtaining one and reading it. That will help as you start moving towards PMI certifications. Depending on the type of projects you will be managing and organizations you will be working with, you may also want to explore agile specific certifications. www.scrum.org/professional-scrum-certifications
Thank you! PMI is predicted that the global economy needs 25 million new project professionals by 2030. I believe that AI will play a central role in automating routine tasks like scheduling, risk management, and resource allocation. Project managers will rely on AI-powered tools for predictive analytics to forecast project outcomes and optimize decision-making. I do not, however, believe that AI will replace project managers. Managing people can be a challenging aspect of project management and AI won't be able to do that. :) Here is an interesting PMI article on talent gaps in the project management world: www.pmi.org/-/media/pmi/documents/public/pdf/learning/career-central/talent-gap-report-2021-finalfinal.pdf?rev=a7ff58552b8645789b7f3dbe26d0402d&sc_lang_temp=en
What an awesome explanation and in depth roadmap in over simplified way Very nice explanation i saw ur few other videos too Can u make one video on how BA gather requirements documents it and then how it gets translated to design n dev , and then to test cases n then Uat and how much BA involvement in these phases( i assume not much in design n dev phase thats more with programmer n developer n architect phase) Please give example like WEB based app maybe updating the page If you can iwill appreciate bcz u make videos very simplified n easy to point If you can post sooner it will really help
A remodel can follow either the waterfall or agile approach: • Waterfall: Each phase is fully planned and executed before moving on to the next. For example, all room designs are completed before any construction begins. • Agile: This method offers flexibility if a room-by-room approach is taken for iterative delivery, supporting concurrent work, like remodeling the kitchen while the living room design is being completed. If plumbing issues are discovered during construction of he kitchen, plans for other rooms can then be easily adjusted since construction hasn’t started anywhere but the kitchen. In a room-by-room remodel, iterative delivery ensures progress continues without waiting for every detail to be finalized upfront. Similarly, a hotel remodel can be done floor by floor, keeping as many rooms in service as possible. Agile allows improvements between phases, while waterfall ensures everything is planned from the outset. Both methods offer value depending on the project’s needs.
Thanks for the video. It was very helpful in understanding the method. I am currently struggling to find the best model to apply in a new job i started. We are basically developing an analytical machine (hardware) that uses machine learning software. The end goal is not yet clear as to how the machine or the software will look like. And as we work with pharma client who are not the most agile, I think the best would be to use waterfall method. But im still not sure.
Thanks for watching, Zero! I’ve seen project teams work in parallel with one team using waterfall for hardware components and the other team using agile for software components. The project manager oversaw both teams, ensuring there was a solid plan for merging the project at certain milestones and final assembly. My recommendation is to design something that works for the culture of your organization! It sounds like you are putting some great thought into it. Best of luck!
Great point! Honestly, I find most organizations are using hybrid vs strict waterfall or agile/scrum. So I think they are discovering this may work best for their projects. Best of luck with your projects!
Loved the video! What types of companies use the hybrid approach? Is it companies the build software and like actual products? Like google software and a google phone?
Hi Ahmed! You nailed it. I’ve worked with gaming companies that use hybrid. They use waterfall for hardware and agile for software, coordinating the timing of milestones. I’ve also seen this used in the medical device industry. Thanks for watching.
Great video - nicely summarised. One question: how is cost managed with an Agile project approach? Knowing costs upfront before any work has started can help inform the business case for a project as would happen with Waterfall approach. How is the business case managed with Agile when the scope and therefore duration, costs etc aren't fullly understood upfront?
Hello Nick! Agile projects tend to be best with dedicated (human) resources and when there isn’t a lot of tangible materials. In most agile projects I’ve worked on, a majority of the cost comes from labor over a set amount of time. For example, I have 6 dedicated resources at $100/hour on the project estimated to take 6 months. That equates to $800 per day per person and $4000 per person per week. I would estimate a total of ~$96K in labor per month plus any other known costs. I know this is very simple and in reality, resources are not always dedicated to projects. You could use the same math, however, if the resources were 50% assigned and estimate $48k per month. Another option is to divide the project into ‘phases’ using progressive elaboration (also known as rolling wave) planning techniques for the cost. i.e., once phase 1 is complete, you can more accurately estimate phase 2. Regardless of how you are estimating, it is important to know your the biggest constraint: time, cost, or scope. I hope this is helpful!
Hi Kandis. Great job on the video btw. Just a quick question. For the think tank industry who does multiple research that requires flexibility, adaptability in change request/scope creep, yet a well defined documentation trail, what project management methodology do you recommend?
Hi Robin! When well defined documentation is required, my recommendation is to consider waterfall and/or hybrid project management. Since it sounds like you must also be flexible with change requests, I would design a simple process for routing them for approval. Using Smartsheet Forms as a template (or something similar) for this may be one option. Using automation is always a plus! Thanks for watching.
@ZRoFiak - I do value Kanban Board frameworks! I have generally seen them used with a ‘delivery cycle’, which still strives to complete the work within in set timeframe (similar to a Sprint). Would love to hear how you use the Kanban approach. I love that PM doesn’t fit in a box and I’m seeing more Hybrid delivery. Cheers!
Hello Mark! Personally, I used waterfall for my wedding, as we had a budget we wanted to stick to. We brainstormed all requirements in the initiation phase and categorized them as ‘must have’, ‘should have’, ‘could have’ and ‘won’t have.’ We then got quotes for them in priority order and drew the line when we hit the budget. We then scheduled everything out and voila! If a specific date is more important (i.e, time constraints), that may drive different decisions. It might also be helpful to set aside ‘contingency’ funds for anything unexpected that comes up, if you are mindful of the budget! Cheers and best wishes.
Here is a cool publication focused on AI and Project Management - I recommend giving it a read! www.pmi.org/learning/thought-leadership/pulse/ai-at-work-new-projects-new-thinking
Hello! Often times a hybrid approach is taken with both Waterfall and Agile approaches used for building an aircraft. Waterfall: the sequential and linear approach allows for careful planning and thorough documentation upfront, reducing the likelihood of major changes later in the project. This is important as changes to the physical build of the aircraft can be very expensive! Each phase must be completed before moving on to the next, providing a structured process to follow. Agile: in the development of aircraft software or avionics systems, where technology evolves rapidly, Agile methodologies like Scrum or Kanban may be employed to ensure flexibility and responsiveness to changing requirements.
Agile practitioners frown at using the term “project management” when discussing agile frameworks. What is your opinion considering how you use it in this video.
Hi Toroko! If it is an actual project being executed, I 100% agree with referring to it as project management. It seems confusing to call it anything else, in my opinion. However, Agile frameworks are also used for PRODUCT management, which is different. In this case, I would not refer to it as project management. Sometimes people need educated on the difference. Please let me know your thoughts!
hi Do u hv an example of a mini software project executed via waterfall n the same project executed via agile/scrum method to compare. Project life cycle following the PMBOK phases using MS Project.? thanks kish
Hi Kish! I don’t actually have this, as I generally only build out the project plan in the way that best aligns. However, this is a great suggestion and I’ll let you know if I pull something together in the future! Happy New Year!
As for agile project management , iteration does not even define agile software development. The word iterative does not appear in the Agile Manifesto. And project management involves a great deal more than a life-cycle. In more than 35 years in the profession the term Waterfall has not been in common use until recent years when some agilists are using it in conjunction with 'traditional' to promote a poor adaptation of agility to projects.
Thanks for watching! A lot of the content is based on PMI’s PMBOK 7th edition. However, I do have my own opinions included: Kandis Porter, PMP, MSPM. Cheers!
Hi Vandel! Agile is focused on incremental delivery with an iterative process. So if you are referring to each ‘loop’ as executing the iterative process, then yes. I think this very short write up is helpful: svprojectmanagement.com/from-waterfall-to-agile-making-the-process-match-the-way-people-really-work
2:30 You aparently just mentioned (unknowingly) why waterfall is a failure, because either you dont know much about how construction projects unfolds or you knew and explains sort of why all projects fails. Even when the architect has drawn the house, they dont draw all the destails at the same time, because there are often so many changes during the project it would be a waste of resources, and often they need to do just that and the owner, the craftsmen, the advisor, engineer and public authorities neighbours the weather changes all the time. Not even when the house is finished it stops some want a larger or exstra garage, svimmingpool, outhouse .. And the builders need to change in accordance with labour and material and financial cost of building it.
Hello and thanks for your comments! I do see many organizations (even in construction) using a hybrid approach for the same reasons you mention above. I also encourage clients to explore using progressive elaboration (this can be used with agile, hybrid, and waterfall), which is a technique where planning and documentation are developed in greater detail as the project progresses and more information becomes available. This approach acknowledges that not all details are known at the start of a project and allows for continuous improvement and refinement of the plan as the project team gains more understanding, resources, or feedback. In Waterfall projects, progressive elaboration generally occurs during the initial planning phase. Later in the project this is often limited, however, because Waterfall methodology typically requires a more rigid structure and detailed plan upfront, with less flexibility for changes (requiring a formal change request) as the project progresses. In Agile projects, progressive elaboration is a fundamental concept. Agile projects embrace change and uncertainty, allowing for continuous feedback and adaptation. Planning in Agile is iterative, with details added and adjusted throughout the project lifecycle as more information becomes available and as project requirements evolve.
Oh dear.....project management has NEVER been defined by a life-cyle. There is WAY more to PM than that. So there never has been a 'waterfall' PM method. Projects can use ANY appropriate life-cycle. Similary, Agility applied to PM is applied to EVERY aspect not just the life-cycle. So the idea that Agile PM is about iteration is nonsense. Which of course means that Hybrid PM is also nonsense. What PM professionals do is ADAPT their approach to the organisation, project, team, person and even to the moment. So learn almost any tried and tested PM method then learn to adapt....to become a PM professional. Ignore these non-methods. As for 'traditional' PM, this is a recent stick used by some agilists to beat up so called told ways of working. But remember the old saying.....the good old days...they never were. I repeat, project professionals have ALWAYS adapted. There never has been a 'traditional' approach. Just good and bad project management.
There is so much wrong here but I will mention the biggies. 1) waterfall is only a life-cycle and does not define an approach. 2) there is way more to project management than the life-cycle 3) a project can can any life-cycle or mix that is best for that project 4) it makes no sense to say that Agile projects can only have an iterative life-cycle. 5) project management agility surely must be applied to ALL of project management not just the life-cycle. Incidentally, the Agile Manifesto does not mention iteration at all. I have seen project management agility over the past 36 years of my career as a project professional and in no case was life-cycle a determining factor.
The key question is: what makes a so called Waterfall approach different from any other? The answer is that its just the life-cycle. A life-cycle does not equate to an method therefore there is no such thing as Waterfall project management.
You answered your own question, but you are so wrong. Obviously predictability is very key, a huge difference between both methods. Another one is ability to adapt to change when the stakeholders want you to implement a new idea they got. "A lifecycle is not a method." Yeah, but the goal is to use the most suitable method that the project demands, and that's the only thing that matters.
@@Visagate-b6v Your first two points are applicable in any current project management method or body of knowledge. I completely agree with you final sentence. Adapting is the hallmark of the project professional. My point is the there IS NO waterfall PM method. If you think there is please describe how it differs - as a holistic method - from any other PM method. Project management has never been defined by a single life-cycle other than the most generic: you start, do stuff then finish. And that really does not qualify as a life-cycle. So again there never has been and still is no such thing as waterfall project management.
Absolutely! Project management remains a critical role in 2024. As organizations continue to undertake complex projects, the need for skilled project managers is growing. They play a vital part in ensuring projects are completed on time, within budget, and meet the desired quality standards. Additionally, with the rise of remote work and digital transformation, project managers are increasingly important for coordinating teams and resources effectively across different locations and platforms.
This is the best explanation of waterfall and agile all I kept getting was waterfall is linear, and hybrid was not even mentioned! Thank you
Awesome, glad it was helpful!
This was incredibly informative and easy to understand too. I appreciate how it felt like I was a student listening to my professor in a one-on-one lecture. I took notes and all! Thank you
Glad it was helpful! Thank you for your kind words. Wishing you the best on your projects. 😀
Highly informative and creative presentation. Very easy to understand.
Thanks for watching, Mduduzi!
Hello Dear Kandis! Thanks a lot for the video. You know that's one support a struggling me needed working on a weekend, trying to crack how to explain to stubborn customer's management team, that "let's apply Agile! Let's find a coach to lead us in Agile way!" Is not something we need to focus on, while we have clear requirements, immovable due date, and 5 months in toral for a more complex implementation project stage, while the previous one took twice more time with easier scope already. Thank you for the information, vision, clear examples and suggestions. I very appreciate your help! The whole video is done very good as well -kudos for the team!
All the best!
Thanks, Rick! I’m glad it was helpful. Feel free to pass the video along…sometimes it is easier than explaining in words, ha ha! Best of luck on your projects.
Studying for my Project + cert, this was very short and to-the-point. Much appreciated!
Wonderful! Thanks for your feedback, Darman. Best of luck on the prep for PMP!
you are an angel and an outstanding professional
Great work, Kandis. Thank you for the very clear descriptions of the three approaches.
Thanks, Mia!
Greetings Kandis. This is where labels end up seemingly locking folks into boxes unnecessarily. Company directives scream, go agile, but be sure to capture all the requirements and timelines upfront, and you BETTER stick to those dates! Um... that's not Agile.
My team screams, hey, don't press me for deadlines maaan... I'm thinking about this one deliverable. Take it easy dude. Don't stress out.
Hybrid seems to make the most sense... but the only way to sell it, is to give it a label. I suggested the "Push AGILE off a Waterfall" method, but for some reason, that didn't go over well. :-/
Hi Dan! I feel that often times leadership need educated on the differences between Waterfall and Agile methodologies. I think people often associate agile project management with organizational agility / resilience, which is very different in my opinion. I think working with the same definitions / terminology can help align the best methodology to the type of project (which is very important!). Wishing you the best on your projects.
PS I love the realistic way you painted the picture in your comments, ha ha! Classic.
Thanks for the explanation. Currently studying for my PMP, and this was great!
Thanks, Andrew! Are there any other concepts/terms that have come up during studying for the PMP that would be helpful for me to explain via a video? I’m always looking for new ideas! Best of luck!
This is fabulous. I do software development but never thought of it as project management but the description perfectly fits what I do.
This is great to hear, Robert! You may find the Agile manifesto interesting, as it was developed for software development, when Waterfall approaches weren't meeting the need: agilemanifesto.org/. Enjoy!
Excellent explanation of the differences. Thank you.
Thank you!
Great video spot on welldone
Thanks, Tony!
Thank you! I'm on my way to becoming a project manager. Your video really helped me understand the differences between the waterfall, agile, and hybrid approaches. I look forward to watching more videos from you.
Thanks, Carlos! I grew up managing projects with waterfall early in my career and it is interesting to learn new ways to successfully execute! Best of luck to you.
@@PMPexpert Thank you. In fact, I would really appreciate your help shedding some light on my way to becoming a PM. Currently, I'm enrolled in the Project Management course offered by Google on Coursera. Then, I plan to pursue a CAPM and finally a PMP. Am I doing the right thing?
@@carlosreyesp8575 that sounds like a great plan! If you don’t already have a copy of PMI’s PMBOK 7th edition, I recommend obtaining one and reading it. That will help as you start moving towards PMI certifications. Depending on the type of projects you will be managing and organizations you will be working with, you may also want to explore agile specific certifications.
www.scrum.org/professional-scrum-certifications
@@PMPexpert Thank you so much for the information. Look forward to seeing more content from you.
good description here and no fluff! that so many of these management clips have.
Thanks, Harman! Happy New Year.
This was very informative, for the first time this is starting to make sense to me. Thank you!
Fantastic. You are so welcome!
Super helpful!!! Thank you, Kandis!
Glad it was helpful! Best of luck.
Excellent presentation
Thanks, Michael! Happy New Year.
Very good broad level explanation that was easy to follow and understand. Thank you!
Thank you for your comments! Best of luck on your projects.
This was extremely helpful! Think you may be a teacher at heart!
Wow, thank you!
Wowwww, you have explained so well. Thank you so much!!!!
Thank you very much, Ayushi! Cheers.
Than you for the efforts, the content is very understandable and the way of delivering it is amazing
Great video. You did a good job of simplifying the concepts 👍
Thank you for your kind words. Best wishes.
Thank you for providing such a clear and concise description, I'm looking forward to watching your other videos!
Thanks, Ashley!
Thank you for this video. The explanation was clear and concise. Very digestible .
I'm glad it was helpful!
Excellent video with easy to understand concepts. Thank you ! 💯🌷
Thanks, Raul!
Very helpful video, also duration of video is arranged well. Thanks.
Thank you for watching and the positive feedback, Hazal!
Amazing explanations!! Very well done!
Thanks, Carmen!
Thanks Kandis! This video was very helpful!
Thanks for watching! Good luck on your projects. 🙌🏻
Great video. Very concise and very digestible.
Thanks, Nigel!
Very well explained... Any idea on future projects management concept....
Thank you! PMI is predicted that the global economy needs 25 million new project professionals by 2030. I believe that AI will play a central role in automating routine tasks like scheduling, risk management, and resource allocation. Project managers will rely on AI-powered tools for predictive analytics to forecast project outcomes and optimize decision-making. I do not, however, believe that AI will replace project managers. Managing people can be a challenging aspect of project management and AI won't be able to do that. :)
Here is an interesting PMI article on talent gaps in the project management world: www.pmi.org/-/media/pmi/documents/public/pdf/learning/career-central/talent-gap-report-2021-finalfinal.pdf?rev=a7ff58552b8645789b7f3dbe26d0402d&sc_lang_temp=en
What a clear and understandable description ❤
Thank you for watching!
Great explanation, really simply and understandable, thanks
Glad it was helpful!
Thank you, excellent video and great information
Thank you, Regina!
Great explanation
Glad it was helpful!
Great overview and well done presented, thank you
Much appreciated!
Great video. Very educational and insightful. My team is taking a hybrid approach
Awesome, Johan! Best of luck on your projects.
Very informative video thanks a lot
Thanks for watching, Ravi!
Wonderful video Kandis, thank you
Glad you enjoyed it!
Amazing breakdown! Thank you!
Thank you!
Thankyou for your videos! Great Help. Pls keep on posting more. Subbed you!
More to come!
Great video! Very helpful for me. Thank you!
So happy to hear, Susannah! 🙌🏻
Thank you! This video really explained it well.
Thanks for watching! 👍🏻
Easy to remember explanations!
Excellent
Thank you!
What an awesome explanation and in depth roadmap in over simplified way
Very nice explanation i saw ur few other videos too
Can u make one video on how BA gather requirements documents it and then how it gets translated to design n dev , and then to test cases n then Uat and how much BA involvement in these phases( i assume not much in design n dev phase thats more with programmer n developer n architect phase)
Please give example like WEB based app maybe updating the page
If you can iwill appreciate bcz u make videos very simplified n easy to point
If you can post sooner it will really help
Nice overview! Thanks! Using your building a house example of the waterfall method, would remodeling a house be an example of the agile method?
A remodel can follow either the waterfall or agile approach:
• Waterfall: Each phase is fully planned and executed before moving on to the next. For example, all room designs are completed before any construction begins.
• Agile: This method offers flexibility if a room-by-room approach is taken for iterative delivery, supporting concurrent work, like remodeling the kitchen while the living room design is being completed. If plumbing issues are discovered during construction of he kitchen, plans for other rooms can then be easily adjusted since construction hasn’t started anywhere but the kitchen.
In a room-by-room remodel, iterative delivery ensures progress continues without waiting for every detail to be finalized upfront. Similarly, a hotel remodel can be done floor by floor, keeping as many rooms in service as possible. Agile allows improvements between phases, while waterfall ensures everything is planned from the outset. Both methods offer value depending on the project’s needs.
Thanks for the video. It was very helpful in understanding the method. I am currently struggling to find the best model to apply in a new job i started. We are basically developing an analytical machine (hardware) that uses machine learning software. The end goal is not yet clear as to how the machine or the software will look like. And as we work with pharma client who are not the most agile, I think the best would be to use waterfall method. But im still not sure.
Thanks for watching, Zero! I’ve seen project teams work in parallel with one team using waterfall for hardware components and the other team using agile for software components. The project manager oversaw both teams, ensuring there was a solid plan for merging the project at certain milestones and final assembly. My recommendation is to design something that works for the culture of your organization! It sounds like you are putting some great thought into it. Best of luck!
Excellent prsentation!
Thank you kindly!
very useful! Very informative😊
Thank you for watching!
Perfect elaboration ...
Thanks so much!
Hello, thanks for the high-end overview, i'm wondering why the whole methodology is split rather than combined in broad categories like you did.
Great point! Honestly, I find most organizations are using hybrid vs strict waterfall or agile/scrum. So I think they are discovering this may work best for their projects. Best of luck with your projects!
Remarkable
Thank you, Liberty! Happy New Year.
Loved the video! What types of companies use the hybrid approach? Is it companies the build software and like actual products? Like google software and a google phone?
Hi Ahmed! You nailed it. I’ve worked with gaming companies that use hybrid. They use waterfall for hardware and agile for software, coordinating the timing of milestones. I’ve also seen this used in the medical device industry. Thanks for watching.
Very helpful and useful. Thank you!
You're welcome!
This is Great! Thank You
Thanks for watching!
Awesome
Thanks for watching!
nice crisp talk.
Thanks!
So clear. Thank you!!
Glad it was helpful! Best of luck on your projects.
Well explained, Kandis!
Thank you, Priya! Best of luck on your projects.
really good, thank you!!!
Glad you liked it! Best of luck, Gustavo.
Great video - nicely summarised. One question: how is cost managed with an Agile project approach? Knowing costs upfront before any work has started can help inform the business case for a project as would happen with Waterfall approach. How is the business case managed with Agile when the scope and therefore duration, costs etc aren't fullly understood upfront?
Hello Nick! Agile projects tend to be best with dedicated (human) resources and when there isn’t a lot of tangible materials. In most agile projects I’ve worked on, a majority of the cost comes from labor over a set amount of time. For example, I have 6 dedicated resources at $100/hour on the project estimated to take 6 months. That equates to $800 per day per person and $4000 per person per week. I would estimate a total of ~$96K in labor per month plus any other known costs. I know this is very simple and in reality, resources are not always dedicated to projects. You could use the same math, however, if the resources were 50% assigned and estimate $48k per month.
Another option is to divide the project into ‘phases’ using progressive elaboration (also known as rolling wave) planning techniques for the cost. i.e., once phase 1 is complete, you can more accurately estimate phase 2.
Regardless of how you are estimating, it is important to know your the biggest constraint: time, cost, or scope.
I hope this is helpful!
@@PMPexpert Thanks Kandis - very helpful.
Thank you for this :)
Hi Kandis. Great job on the video btw. Just a quick question. For the think tank industry who does multiple research that requires flexibility, adaptability in change request/scope creep, yet a well defined documentation trail, what project management methodology do you recommend?
Hi Robin! When well defined documentation is required, my recommendation is to consider waterfall and/or hybrid project management. Since it sounds like you must also be flexible with change requests, I would design a simple process for routing them for approval. Using Smartsheet Forms as a template (or something similar) for this may be one option. Using automation is always a plus! Thanks for watching.
Agile does not necessarily mean having Sprints. Sprint is a Scrum phenomena, however, Kanban is also an agile approach.
@ZRoFiak - I do value Kanban Board frameworks! I have generally seen them used with a ‘delivery cycle’, which still strives to complete the work within in set timeframe (similar to a Sprint). Would love to hear how you use the Kanban approach. I love that PM doesn’t fit in a box and I’m seeing more Hybrid delivery. Cheers!
❤thank you! Subscribed!
Welcome!
Thank you. Helpful.
what’s the best method to use for planning a wedding is it a hybrid approach or agile?
Hello Mark! Personally, I used waterfall for my wedding, as we had a budget we wanted to stick to. We brainstormed all requirements in the initiation phase and categorized them as ‘must have’, ‘should have’, ‘could have’ and ‘won’t have.’ We then got quotes for them in priority order and drew the line when we hit the budget. We then scheduled everything out and voila! If a specific date is more important (i.e, time constraints), that may drive different decisions.
It might also be helpful to set aside ‘contingency’ funds for anything unexpected that comes up, if you are mindful of the budget!
Cheers and best wishes.
Thank you ❤
Thanks for watching!
neat!
Thanks, Arash!
💪🏻 Agreed
Thank you!
good
Thank you, Mohammed!
Hi, my only question is would AI be a threat to a project manager role? And in particular to waterfall, agile, hybrid, scrum.
Here is a cool publication focused on AI and Project Management - I recommend giving it a read! www.pmi.org/learning/thought-leadership/pulse/ai-at-work-new-projects-new-thinking
which is the best method for aviation and aerospace basically for aircraft manufacturing and delivering to customer
Hello! Often times a hybrid approach is taken with both Waterfall and Agile approaches used for building an aircraft.
Waterfall: the sequential and linear approach allows for careful planning and thorough documentation upfront, reducing the likelihood of major changes later in the project. This is important as changes to the physical build of the aircraft can be very expensive! Each phase must be completed before moving on to the next, providing a structured process to follow.
Agile: in the development of aircraft software or avionics systems, where technology evolves rapidly, Agile methodologies like Scrum or Kanban may be employed to ensure flexibility and responsiveness to changing requirements.
Thank you
Thanks for watching, Annie!
Agile practitioners frown at using the term “project management” when discussing agile frameworks. What is your opinion considering how you use it in this video.
Hi Toroko! If it is an actual project being executed, I 100% agree with referring to it as project management. It seems confusing to call it anything else, in my opinion. However, Agile frameworks are also used for PRODUCT management, which is different. In this case, I would not refer to it as project management. Sometimes people need educated on the difference. Please let me know your thoughts!
Combination of Waterfall and agile comes under which quadrant
That is hybrid, Vagabond31. Thanks for watching!
hi
Do u hv an example of a mini software project executed via waterfall n the same project executed via agile/scrum method to compare. Project life cycle following the PMBOK phases using MS Project.?
thanks
kish
Hi Kish! I don’t actually have this, as I generally only build out the project plan in the way that best aligns. However, this is a great suggestion and I’ll let you know if I pull something together in the future!
Happy New Year!
As for agile project management , iteration does not even define agile software development. The word iterative does not
appear in the Agile Manifesto. And project management involves a great deal more than a life-cycle. In more than 35 years in the profession the term Waterfall has not been in common use until recent years when some agilists are using it in conjunction with 'traditional' to promote a poor adaptation of agility to projects.
how would I reference this
Thanks for watching! A lot of the content is based on PMI’s PMBOK 7th edition. However, I do have my own opinions included: Kandis Porter, PMP, MSPM. Cheers!
Concise and Clear!
@@yams20241 thanks for watching and the feedback! 🙌🏻
Isnt Agile is just a loop of water falls ??
Hi Vandel! Agile is focused on incremental delivery with an iterative process. So if you are referring to each ‘loop’ as executing the iterative process, then yes.
I think this very short write up is helpful:
svprojectmanagement.com/from-waterfall-to-agile-making-the-process-match-the-way-people-really-work
2:30 You aparently just mentioned (unknowingly) why waterfall is a failure, because either you dont know much about how construction projects unfolds or you knew and explains sort of why all projects fails. Even when the architect has drawn the house, they dont draw all the destails at the same time, because there are often so many changes during the project it would be a waste of resources, and often they need to do just that and the owner, the craftsmen, the advisor, engineer and public authorities neighbours the weather changes all the time. Not even when the house is finished it stops some want a larger or exstra garage, svimmingpool, outhouse .. And the builders need to change in accordance with labour and material and financial cost of building it.
Hello and thanks for your comments! I do see many organizations (even in construction) using a hybrid approach for the same reasons you mention above. I also encourage clients to explore using progressive elaboration (this can be used with agile, hybrid, and waterfall), which is a technique where planning and documentation are developed in greater detail as the project progresses and more information becomes available. This approach acknowledges that not all details are known at the start of a project and allows for continuous improvement and refinement of the plan as the project team gains more understanding, resources, or feedback.
In Waterfall projects, progressive elaboration generally occurs during the initial planning phase. Later in the project this is often limited, however, because Waterfall methodology typically requires a more rigid structure and detailed plan upfront, with less flexibility for changes (requiring a formal change request) as the project progresses.
In Agile projects, progressive elaboration is a fundamental concept. Agile projects embrace change and uncertainty, allowing for continuous feedback and adaptation. Planning in Agile is iterative, with details added and adjusted throughout the project lifecycle as more information becomes available and as project requirements evolve.
you are awe some
Thank you for watching!
Oh dear.....project management has NEVER been defined by a life-cyle. There is WAY more to PM than that. So there never has been a 'waterfall' PM method. Projects can use ANY appropriate life-cycle. Similary, Agility applied to PM is applied to EVERY aspect not just the life-cycle. So the idea that Agile PM is about iteration is nonsense. Which of course means that Hybrid PM is also nonsense. What PM professionals do is ADAPT their approach to the organisation, project, team, person and even to the moment. So learn almost any tried and tested PM method then learn to adapt....to become a PM professional. Ignore these non-methods. As for 'traditional' PM, this is a recent stick used by some agilists to beat up so called told ways of working. But remember the old saying.....the good old days...they never were. I repeat, project professionals have ALWAYS adapted. There never has been a 'traditional' approach. Just good and bad project management.
There is so much wrong here but I will mention the biggies. 1) waterfall is only a life-cycle and does not define an approach. 2) there is way more to project management than the life-cycle 3) a project can can any life-cycle or mix that is best for that project 4) it makes no sense to say that Agile projects can only have an iterative life-cycle. 5) project management agility surely must be applied to ALL of project management not just the life-cycle. Incidentally, the Agile Manifesto does not mention iteration at all. I have seen project management agility over the past 36 years of my career as a project professional and in no case was life-cycle a determining factor.
The key question is: what makes a so called Waterfall approach different from any other? The answer is that its just the life-cycle. A life-cycle does not equate to an method therefore there is no such thing as Waterfall project management.
You answered your own question, but you are so wrong.
Obviously predictability is very key, a huge difference between both methods.
Another one is ability to adapt to change when the stakeholders want you to implement a new idea they got.
"A lifecycle is not a method." Yeah, but the goal is to use the most suitable method that the project demands, and that's the only thing that matters.
@@Visagate-b6v Your first two points are applicable in any current project management method or body of knowledge. I completely agree with you final sentence. Adapting is the hallmark of the project professional. My point is the there IS NO waterfall PM method. If you think there is please describe how it differs - as a holistic method - from any other PM method. Project management has never been defined by a single life-cycle other than the most generic: you start, do stuff then finish. And that really does not qualify as a life-cycle. So again there never has been and still is no such thing as waterfall project management.
Nothing on hybrid approaches even though mention in the title. 👎🏼
What are you looking for, Teuvo? It would be helpful to understand for future videos. Thanks for watching. 🙌🏻
Is project management still a job in 2024?
Absolutely! Project management remains a critical role in 2024. As organizations continue to undertake complex projects, the need for skilled project managers is growing. They play a vital part in ensuring projects are completed on time, within budget, and meet the desired quality standards. Additionally, with the rise of remote work and digital transformation, project managers are increasingly important for coordinating teams and resources effectively across different locations and platforms.
Thank you
You're welcome - thanks for watching!