What is Waterfall Methodology?
Waterfall methodology is one of the many project management methodologies used today, characterized by its linear and sequential approach to project flow. Waterfall methodology involves a series of distinct stages that run from requirements gathering to the final launch, with each phase clearly separated from the next. This approach makes it relatively easy to follow and measure progress using established metrics and key performance indicators. Team members who come onboard after the project starts can easily catch up thanks to the clearly defined requirements. However, there are some drawbacks to using this methodology including inflexibility and a lack of adaptability, which can lead to delays in delivery. A growing number of organizations are adopting a hybrid approach that combines the strengths of both Agile and waterfall methodologies, which can accelerate turnaround, boost productivity, control costs, and increase customer satisfaction.
