You are a financial analyst working for a dynamic young company. One of the founders asks you for your opinion on using an Agile versus Waterfall project management approach for systems development and asks you to contrast the two for each of the following project attributes. Label each of the following descriptions with the correct project attribute from the word bank. Identify whether each description applies to Agile or Waterfall.

Word Bank:

stages

goal

scope

schedule and budget

metrics for progress

metrics for success

availability of working product or system

1. Set, based on predefined scope of project
2. Create a bare-bones application or system that performs at a minimal level and then iterate to improve it
3. Measured against the project plan and well documented
4. Measured by whether the project delivery is on time, within budget, and to scope
5. Well defined prior to starting development
6. More flexible in that it can be set or based on feedback from each iteration
7. Typically not available until at least the testing stage
8. Linear and inflexible, with each stage of the project completed before the next stage begins
9. Normally available in early phases of the project
10. Measured by whether the project meets end-user requirements
11. Create a completed application or system
12. Iterative and flexible, with the ability to move forward and backward across stages if necessary
13. Measured against a minimal level of performance with minimal documentation
14. Undefined prior to starting with development