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1. What is the primary advantage of following a project management methodology?
There is less work to do.
Everyone understands what is expected and what they should do.
Project planning goes faster because you can reuse previous project plans.
2. What are the differences between a concurrent and a waterfall approach?
Concurrent eliminates the need for Stage Gate meetings and management reviews because it is managed by a cross-functional team. In addition, Waterfall eliminates the need for project scheduling since each deliverable automatically follows the previous one.
Concurrent is managed with a cross-functional team; waterfall is managed by one function at a time. Concurrent creates overlap between deliverables; waterfall does them sequentially. Concurrent focuses on balancing requirements; waterfall focuses on functional excellence.
Concurrent is faster because of the overlap between activities supporting major deliverables as compared to the sequential scheduling of waterfall. Concurrent decreases risk because the cross-functional team is aware of issues sooner than with waterfall.
3. When should you use an Adaptive project management methodology?
When the project goals and activities are clearly understood and you are adapting the project plan from a previous project to the current project.
When new stakeholders have indicated that the project goals will need to change to align with the new organizational strategy, but that strategy has not yet been finalized.
When the project objectives and goals are clear, but the project steps and estimates to achieve those goals are not.
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