How relevant are waterfall project management methodologies in today’s modern project environment?

Length: 2500 words Task Consider this question: How relevant are waterfall project management methodologies in today’s modern project environment? You are to write a position paper explaining and justifying your views on your answer to this question. Note that this question has no right or wrong answer, and you are not expected to choose a “correct” view. Instead you will be assessed on how you can form and express your views within the context of the criteria below. The reference to “today’s modern project environment” refers to the past 10 years. Be sure to focus your discussion, as well as your references and literature, within that period. When writing your position paper you should address the following criteria by which your paper will be assessed: • Explain how the waterfall model has evolved and changed in the past decade to accommodate the changing needs and pressures upon it. • Discuss up to three (3) new ideas, models or concepts in project management which have applied the most pressure to the relevance of waterfall, and explain why. • Explain how the role of project management (of any method) has changed and evolved in the modern organisation? • Discuss and explain the relevance of the PMBOK in particular as a relevant guide to inform modern project management. • Analyse and integrate information from the appropriate literature on emerging trends in project management. Your position paper must clearly explain and justify your position, and must support your position from modern literature. For the integration of literature, quality is better than quantity – five highly relevant and fully integrated references are usually more effective than ten with a mere passing relevance. Students should seek to clearly show how their own research has informed their views. Rationale This assessment is intended to assess your ability to: • be able to critically evaluate the relevance and function of the PMI Project Management Body of Knowledge; • be able to analyse and integrate information from the appropriate literature on emerging trends in project management.