Waterfall is hands-off and easily managed for the customer once the project goals are defined, but the initial requirements need to be crystal clear.Waterfall is perfect for small projects where you can think of all the possible business goals initially, but not so good for larger ones.With Waterfall, the result is predictable – the customer knows exactly what they will get for their investment, the team knows what they are paid for.Waterfall: the team (especially developers and QAs) can focus on their actual work, not meetings and reviewsWaterfall has clear documentation at the very beginning and is better for thoroughly reviewed and regulated projects.
Agile offers more flexibility with adaptive planning, but is involving and demands for everyone to be there for feedback quite often.Agile allows to start with a usable MVP to throw into the market, and improve / change continually whenever the wind blows.With Agile, there is no such thing as precalculated “final total” cost – but there’s less inherent risk when remaking things over.Agile: the team is constantly learning and more creative, but also more individually responsible, making development active and inspired.Agile has no documentation upfront, being trust-based and encouraging responsibility, but allows faster time-to-market.