In project management, there are two main approaches: predictive and adaptive. What are the key differences between these two approaches?

In project management, there are two main approaches: predictive and adaptive. What are the key differences between these two approaches?

Predictive approaches are best suited for projects with uncertain and rapidly changing requirements, while adaptive approaches work well for projects with stable and well$-$defined requirements.

Predictive approaches rely on detailed upfront planning and assume that the project scope, schedule, and cost can be accurately determined at the beginning of the project. Adaptive approaches, on the other hand, embrace change and allow for flexibility in project planning and execution.

Predictive approaches emphasize iterative development, frequent feedback, and close collaboration with stakeholders. Adaptive approaches, on the other hand, follow a linear sequential process with defined phases and deliverables.

Predictive approaches are commonly used in Agile project management, while adaptive approaches are commonly used in traditional project management.