Incremental vs Iterative Models: Which One Fits Your Project?

How do you decide whether to build a product piece by piece or refine it over time? Understanding the differences between the incremental and iterative models is crucial for effective project management. In this video, we break down both approaches, explore their strengths and challenges, and help you decide which one suits your project needs. Why Learn These Models? Whether you’re delivering functional parts early or refining solutions over time, mastering these approaches helps you pick the right strategy for your project. It’s also a vital concept for Agile teams and PMP exam preparation. In This Video: - What are the incremental and iterative models? - Characteristics of the Incremental Model and Iterative Model - When to use incremental, iterative, or a combination of both approaches - Benefits and challenges of each model - How Agile combines incremental and iterative methods for maximum efficiency - PMP exam tips to recognize these models in questions Chapters: 0:00 Intro 0:40 What Are the Incremental and Iterative Models 1:22 Characteristics of the Incremental Model 2:00 Characteristics of the Iterative Model 2:40 When to Use Each Model 3:33 Benefits and Drawbacks of Each Model