PROJECT IMPLEMENTATION APPROACH: EVOLUTION AND APPLICATION

Keywords: project management, project, project life cycle, implementation models, waterfall, agile, hybrid, life cycle, rolling wave, governance

Abstract

The article provides a structured analysis of project implementation models with emphasis on their applicability in contemporary organizational settings. The relevance derives from increasing environmental volatility, shortened technology cycles, and the methodological challenge of reconciling formal rigor with adaptive flexibility. The objective is to systematize classical, iterative, incremental, and hybrid approaches, evaluate their advantages and limitations, and formulate practical applicability criteria. The methodological basis includes comparative analysis of authoritative sources, synthesis of international standards (PMBOK Guide, PRINCE2), and examination of case material from information technology, construction, energy, and consulting. The Waterfall model is shown to remain valid for stable contexts characterized by high cost of late change, where sequential structuring and documentation mitigate delivery risks. Rolling Wave planning is positioned as a technique of progressive elaboration, facilitating early project initiation and effective staged program realization. Iterative models enable controlled revisiting of requirements and design in response to empirical feedback, improving risk detection but increasing demands on organizational maturity. Incremental development, particularly in Scrum-based implementation, emphasizes delivery of functional product increments, reinforcing stakeholder involvement and value realization, while complicating cost prediction. Hybrid approaches integrate governance mechanisms of traditional frameworks with adaptive execution practices, combining stage boundaries and baselines with iterative delivery, Kanban visualization, and continuous review. The results establish correspondence between models and contextual domains: Waterfall with product–process configurations and civil works; Rolling Wave with staged programs; iterative and incremental with complex projects; and hybrid models with portfolios under mixed uncertainty. The conclusions underline that no universal life cycle model exists and that deliberate hybridization represents the most sustainable trajectory for organizations operating under conditions of uncertainty.

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Published
2025-07-28
How to Cite
Prosnitskyy, O., & Lishchynska, V. (2025). PROJECT IMPLEMENTATION APPROACH: EVOLUTION AND APPLICATION. Economy and Society, (77). https://doi.org/10.32782/2524-0072/2025-77-112
Section
MANAGEMENT