Selecting an appropriate Project methodology to deliver project implementation is an evolving and important decision that affects business targets, response times and value generated to customers via the end-product or solution. In current times, Waterfall and Agile methodologies may not be in sync with running successful business and therefore, a Hybrid model can be adopted to provide the best combination of both methodologies.
Based on sequential linear design process
Projects typically flow from requirements to design planning to implementation to validation/testing to deployment to maintenance.
Useful for small projects especially with unchanged requirements, specific dates or with task dependencies.
Uses approach to prioritize development through evolution. Teams collaborate to continually improve and iterate.
Projects typically flow from Planning to Concept to Design/Testing/ Iteration/Implementation to Release
Primary choice for Product development teams.
Incorporates best of both Waterfall & Agile methodologies.
Agile cycles can be integrated in Waterfall checkpoints.
Can be applied on projects with both hardware and software components delivery.