This document compares the waterfall and agile approaches to project management. It discusses how waterfall is more linear and sequential, while agile embraces change and continuous delivery of working software. The key differences outlined are that waterfall involves big upfront design and planning, infrequent communication, and high costs to change requirements. In contrast, agile focuses on small iterative deliveries, frequent communication, face-to-face collaboration, simplicity, self-organizing teams, and low costs to change requirements. Agile principles emphasize prioritizing customer satisfaction, welcoming changing requirements, frequent delivery of working software, and reflecting regularly to improve.
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