Question: 1 . Compare and contrast the predictive ( waterfall ) and agile ( adaptive ) project management approaches. Briefly explain what these approaches are. Discuss

1. Compare and contrast the predictive (waterfall) and agile (adaptive) project management approaches.
Briefly explain what these approaches are.
Discuss the key differences in terms of planning, flexibility, team roles, stakeholder involvement, and project deliverables.
For each approach, indicate at least two conditions when they would be most effective.
2. Explain the distinction between negative and positive risks in project management.
Define the risk in general and explain its relationship to uncertainty.
Define both risks and distinguish them from issues (problems) and benefits.
Provide an example for both risks.
Describe all the strategies for responding to negative risks and positive risks.
3. Explain the importance of monitoring and controlling in project management.
Define monitoring and controlling separately and explain their relationship.
Discuss how these processes help ensure a project stays on track regarding scope, schedule, cost, and quality.
Describe Earned Value Management (EVM) and its three key concepts: Planned Value, Earned Value, and Actual Cost.
Explain how EVM is utilized to identify issues early and implement corrective actions.
4. Explain the process of stakeholder identification in project management.
Why is it critical to identify stakeholders early in the project lifecycle?
Explain the purpose of the stakeholder power/interest grid and describe each quadrant with its specific engagement strategies.
Provide an example of a stakeholder with low interest and high power for the m-commerce project available in the textbook.
Provide examples of how failing to identify key stakeholders could impact a project's success.
5.Explain the importance of project scheduling in achieving project objectives.
Describe the key steps in creating a project schedule, including defining activities, sequencing them, estimating durations, and allocating resources.
Discuss Gantt charts and activity network diagrams are used to visualize and manage the schedule.
Provide examples of challenges that may arise in project scheduling and how they can be addressed effectively.

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