The waterfall model is clear and unchanging while the PMI model is versatile to handling risk and changes.

SOURCES:

Key Differences Between Waterfall, Agile, and Hybrid - The Big Picture (April 2024)

Vaniyah Khan

Paula Pelaez

Merilly Tigas

Annabelle Salonga

Erika Bundalian

1.       Agile is highly iterative and adaptive, specifically focuses on customer feedback and continuous improvement, whereas PMI model is more structured and tends to follow a more linear approach with clear stages.

https://www.pmi.org/disciplined-agile/lifecycle

2.       PRINCE 2: It identifies 6 aspects or areas( COSTS, TIMESCALES, QUALITY, SCOPE, RISK,AND BENEFITS)  that need to be managed in every project. It is more process-driven approach and is more prescriptive with defined processes for managing each aspect of the project whereas PMI is more flexible focusing on knowledge areas and giving more freedom in how the processes are executed.

https://project-management.com/a-brief-introduction-to-7-prince2-principles/

Two iterative project management methodologies that address various project requirements and contexts are the incremental and agile life cycles. A project is broken up into smaller parts, or increments, using the incremental life cycle, each of which delivers a portion of the project in turn. This approach offers phased delivery, enabling the project to be partially completed and tested at various points in time. Since the needs for every increment are usually set at the beginning, this method is easier to manage and more predictable, particularly for projects with consistent requirements. Project managers can plan and schedule each phase methodically thanks to the incremental life cycle's predictability, which lowers risks and provides early visibility into project progress.

Reference:

Admin. (2021, September 14). Incremental model of software development Life cycle. Custom Web & Mobile Development Company - New Line Technologies. https://newline.tech/incremental-model-of-software-development-life-cycle/

2. AGILE LIFE CYCLE

On the other hand, the Agile life cycle is made to be extremely flexible and change-responsive. It enables changing requirements and ongoing stakeholder collaboration by fusing incremental delivery with iterative development. Agile approaches like Scrum and Kanban place a strong emphasis on adaptability, frequent feedback, and tight coordination between stakeholders and team members. Each sprint, or brief iteration, of an agile project produces a potentially shippable product increment. The final product will more closely match stakeholder expectations thanks to this approach's regular revisions based on feedback from stakeholders and evolving requirements. Projects with dynamic surroundings and quickly shifting requirements are best suited for the Agile life cycle. High levels of stakeholder involvement and seasoned teams accustomed to rapid changes and iterative development are necessary.

Reference:

 Nehra, M. (2022, May 11). 6 stages of the Agile Development Lifecycle. Decipher Zone. https://www.decipherzone.com/blog-detail/agile-development-lifecycle

In conclusion, the incremental life cycle is appropriate for projects with consistent requirements because it provides structure and predictability. The Agile life cycle, on the other hand, offers responsiveness and flexibility, making it perfect for projects requiring ongoing stakeholder cooperation and dynamic requirements. Both strategies have advantages, and the choice of technique depends on the particular requirements and complexity of the project.

TEAM:

Rackell Villareal

Breeza Salo

Maria Ryimma Con Maghanoy

John Paul Briones

Source

https://medium.com/@prowiz911959/project-life-cycle-vs-project-management-lifecycle-project-methodology-vs-project-management-e76549297a64

Agile vs. Waterfall: 10 Key Differences Between the Two Methods

Waterfall Model: This model is more linear than the PMI model. The PMI model allows for more flexibility and will enable you to overlap phases within your project. With the waterfall model, you must complete each phase before continuing to the next. For example, a construction project would benefit greatly from using the waterfall model because construction projects have fixed and clear requirements to finish.

Sources

https://www.seguetech.com/waterfall-vs-agile-methodology/

https://www.pmpwithray.com/examples-of-waterfall-type-projects-in-project-management/

This type of life cycle is the most traditional and easiest to understand. 

The plan is created upfront, with a defined schedule, scope, and costs. A single product or service usually gets delivered at the end.  

Since everything is decided upfront and the plan is ready, the project team puts its best effort to ensure the plan is executed and the impact on it due to changes is minimized. So, as the name goes, Predictive life cycle is where you are predicting what will happen, preparing the best plan possible accordingly and then following it.

Shoaib. (2020, July 7). Types of Project Management Life Cycle. PMCLounge.com. https://www.pmclounge.com/types-of-project-management-life-cycle/

2. Agile (or Adaptive) life cycle

   The agile life cycle is more open to change and adaptation and doesn’t follow a linear progression. The initial phase only happens once—with planning, execution, and control stages happening in iterations, usually multiple times. Each iteration delivered is followed by feedback that informs the next iteration or set.

   This life cycle is ideal for projects where feedback is essential, timely project delivery is crucial, and the scope is unclear.

Johansson, J. (2024, May 21). The Project Life Cycle: Your complete guide. Work Life Balance Blog | Resource Guru. https://resourceguruapp.com/blog/project-management/project-life-cycle#Types-of-project-life-cycles

Paula Pelaez

Erika Bundalian

1.       Office room does not match the standards; in order to make it professional - a smooth, mild, colour is needed. To prevent the meetings, conferences done without any distraction. 

2. By providing the Manager some options to choose and get his approval.     

1. Ask them if they want the office to stay the same colour or theme or if they would like the office colour changed completely.

2. Ask them about a budget and a timeline.

3. Once everything is decided we can hire a painter to create the office manager's vision.