How are the three approaches categorized?
The three approaches are categorized on a spectrum from predictive to adaptive, with hybrid falling in between.
What does “predictive approach” mean?
The predictive approach involves defining, collecting, and analyzing requirements at the start of the project, with a focus on upfront planning.
When is the predictive approach typically used?
It is used when there is a significant investment involved, and the project requirements are stable and well-defined.
Scope, schedule, cost, resources (people and equipment) and risks are well-defined in the early stages of the project lifecycle and they are stable
What are the key characteristics of the predictive approach?
Key characteristics include detailed upfront planning, a well-defined sequence of activities, and formal change control processes.
What are team activities in the predictive approach?
What is the role of proof of concept in the predictive approach?
Proof of concept helps explore options and validate that proposed solutions will work before committing to the full project plan.
What are some advantages of the predictive approach?
Advantages include a clear sequence of activities, identified reviews, clear milestones and deliverables, and integration with formal project management.
What are some drawbacks of the predictive approach?
Drawbacks include limited feedback from stakeholders, limited flexibility to respond to changes, potential for outdated projects, limited flexibility, and reliance on phase-specific specialists.
What happens if stakeholders want to change requirements in a predictive project?
Changes are difficult to implement, and the project manager must assess the impact on cost, schedule, and performance before proceeding.