A good project lifecycle software program is a valuable asset to any business today. Even more so when trying to secure approval for any project they wish to undertake. However, when it comes to choosing the right kind of program, you need to look at the various models available. Then you have the data to evaluate which of these will best suit your requirements.

Below we will take a close look at the various models. However, there are points to note. None of these can be interchanged with the others. Thus, we need to examine their weaknesses and strengths closely. The one that you choose should be one that can easily identify the risks that you may face. Therefore, it will help you to reduce the chances of these risks occurring.

Model 1: Pure Waterfall

This is the classic of all the models we are going to be discussing in this article. It is ideal where you have clearly understood requirements or when working with technical tools or infrastructures.