The course module lecture featured the project lifecycle continuum with the Predictive $($aka Waterfall$)$ and the adaptive Agile lifecycle approaches at opposing ends of the spectrum as illustrated in Table $1.$ Project Life Cycle Approach Characteristics. Although popular in software development projects for many years, emergent trends in project management evidenced a growing adoption of the Agile project management methodology in a broad range of industries.

Should the Waterfall approach be replaced in its entirety by the Agile project management methodology? When should a hybrid approach be used?