Project Management $306$LA$-1$ Class: Section F Submission by:Deepka$(229589710)$ Ques: Explain the fundamental differences between predictive project life cycle and adaptive project lifecycle. Which one do you prefer why?Ans: i$)$The predictive project lifecycle and the adaptive project lifecycle have fundamental differences in their approach to planning, flexibility, and response to change.The predictive lifecycle follows a detailed planning approach, where the project scope, activities, and resources are defined upfront. A comprehensive project plan is created at the beginning, outlining the entire project timeline and deliverables. This approach is more rigid and fixed, with little room for change once the plan is established. Any changes to requirements or priorities can be challenging to accommodate and may impact the project schedule and budget.In contrast, the adaptive lifecycle takes a more iterative and incremental planning approach. Instead of planning the entire project upfront, the scope and priorities are determined for shorter iterations. This allows for flexibility and the ability to adapt to changing requirements and priorities. The adaptive approach embraces change as a natural part of the project and encourages customer collaboration and feedback. It enables teams to respond quickly to changing circumstances and adjust their plans accordingly.The response to change also differs between the two lifecycles. In the predictive lifecycle, change is generally seen as a risk and is often discouraged. Changes to requirements or priorities may require formal change control processes and can disrupt the project's stability. On the other hand, the adaptive lifecycle embraces change and treats it as an opportunity for improvement. It encourages continuous adaptation and adjustment of the project scope and priorities based on customer input.In summary, the predictive lifecycle is suitable for projects with stable and well$-$defined requirements, where there is little expectation of change. The adaptive lifecycle, on the other hand, is more suitable for projects in dynamic and uncertain environments, where change is expected, and flexibility is crucial. It allows for continuous adaptation and ensures that the final product meets the evolving needs of the customer. $($Rowley$,2013)$ii$)$I will choose predictive project lifecycle and there are some reasons why i am choosing the predictive project lifecycle:$1.$ Clear Requirements: The predictive lifecycle works well when project requirements are well$-$defined and unlikely to change significantly$\mathrm{.}2.$ Fixed Scope, Timeline, and Budget: The predictive lifecycle is ideal for projects with a fixed scope, timeline, and budget. It allows for detailed estimation of resources, costs, and timelines at the beginning, providing stakeholders with a clear understanding of what to expect$\mathrm{.}3.$ Structured Approach: The predictive lifecycle follows a sequential and structured approach, with distinct phases completed one after the other. This provides a sense of order and control, as each phase is carefully planned and executed before moving on to the next$\mathrm{.}4.$ Limited Changes: If somebody is expected minimal changes to the project requirements once they are finalized, the predictive lifecycle can be a good choice. It is less flexible in accommodating changes compared to agile methodologies. $($Rowley$,2013)$Can you rephrase it