The predictive approach is a method for managing projects that is based on the idea that a project can be planned and carried out based on a clear list of requirements, with results that can be predicted. In this method, the project manager makes a detailed project plan at the start of the project. This plan includes a scope, schedule, and budget, as well as a list of clearly defined deliverables.
The predictive method is also called the traditional method or the waterfall method. It works best for projects with clear requirements, stable environments that can be predicted, and a low level of uncertainty or risk. Construction projects, software development projects with clear requirements, and manufacturing projects are all examples of projects that might work well with a predictive approach.
In the predictive approach, the project plan is followed step by step, with few changes from the original plan. The project team works to finish each phase of the project in order, with each phase building on the last. The project manager keeps an eye on progress and makes changes as needed.
Advantages
- Clear and well-defined goals and requirements
- A detailed plan for a project helps to keep risks to a minimum.
- Early recognition of problems so that they can be fixed before they become big problems
- A clear and well-defined project schedule helps keep the project on track.
- It’s easy to track milestones and measure progress.
Disadvantages
- Changes can’t be made easily or quickly.
- Few people were involved in the planning process.
- The inability to adapt to changing circumstances or needs
- The chance that wrong estimates will cause cost and time overruns.
In short, the predictive approach is a method for managing projects that works best for those with clear requirements and low levels of uncertainty or risk. It has some good points, but it might not be the best way to handle projects with a lot of complexity, ambiguity, or uncertainty.
Usage
It is used in Project Panning / SDLC
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