The Waterfall Method

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Questions and Answers

What is the fatal flaw of the waterfall method of product management?

  • Lack of customer validation
  • Overemphasis on requirements gathering
  • Inaccurate business case due to unknown costs and revenue (correct)
  • Late involvement of engineers

Why is customer validation a high risk in the waterfall method?

  • It happens too early in the process
  • It is not necessary in the process
  • It happens too late in the process (correct)
  • It is too expensive to conduct

What is the difference between product-based work and project-based work?

  • Product-based work is more expensive than project-based work
  • Product-based work is about outcome, while project-based work is about output (correct)
  • Product-based work is about output, while project-based work is about outcome
  • Product-based work is only applicable to software development, while project-based work is applicable to all industries

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Study Notes

  • Waterfall method of product management involves several stages of development.
  • The method starts with ideas and ends with deployment.
  • The fatal flaw of the waterfall method is inaccurate business case due to unknown costs and revenue.
  • Customer validation happens too late in the process, resulting in high risk at the end.
  • The process becomes too focused on requirements gathering and documentation.
  • Engineers are brought in too late in the process.
  • Engineers are a good source of inspiration.
  • Waterfall method is project-centric, leading to output that may not meet objectives.
  • Product-based work is about outcome, while project-based work is about output.
  • Flaws in the waterfall method can result in wastage of time and money.

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