Traditional Way and Agile Way of Management Essay

Traditional Way and Agile Way of Management - Essay Example Iterative or agile method involves incremental development. The system and the process is gradually built and has an advantage over other methods. For instance, if there is a need to modify the management process or the direction of the system needs to go through sudden abrupt changes; agile management system has a better chance to cater for the change then other methods. One relatively rigid method is ‘waterfall method’.In comparison with the agile project management, the waterfall method uses clearly (or with less flexibility) defined deliverables for the life cycle of the project. The higher management of a company performs a complete audit of the system before it is incorporated into the project management. Agile project management method cuts the processing time considerably. Projects that took months to complete in the past are being accomplished within weeks or days. This project managing method modifies the conventional iteration processes waterfall and makes the m more flexible and advanced.Despite the fact that agile management is rarely used to manage a mega project, it is no less crucial than the conventional of traditional project management methods and tools. A mega project can be divided into several parts and then these small parts can then be governed and managed by agile management. That is why a collage of management methods and tactics are incorporated in one project. The core difference between agile and traditional project management rests in their estimating techniques.