Custom software development is often used for companies that have unique business processes that aren't easily mapped to specific technology products. It's an effective approach—if done with the necessary foresight.
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Waterfall relies on the classic sequential software development paradigm that is easy to understand.
Waterfall is a great choice for short-term projects when system requirements and the applied technology are both well-understood.
In waterfall, each phase has well-defined deliverables linked to specific milestones, which makes scheduling and resourcing easier to manage.
Waterfall’s linear nature means it’s easier to stay on budget, which could be a critical requirement for some projects.
The artifacts produced during the Elaboration phase dramatically facilitate product customization, enhancement, and maintenance down the road.
Agile is an iterative, team-based approach to development. This approach emphasizes the rapid delivery of an application in complete functional components.
Agile development accelerates the delivery of initial business value, and through a process of continuous planning and feedback.
The benefits of agile software development are that organizations are capable of significantly reducing the overall risk associated with software development.
As a result of this iterative planning and feedback loop, teams are able to continuously align the delivered software with desired business needs.
By measuring and evaluating status based on the undeniable truth of working, testing software, agile give the actual progress of projects.