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AGCO (a partner of Gocious), a global company specializing in agricultural machinery and precision agricultural technology, transitioned from a project-based approach to a product-based approach.
One is to allow the time on a new project to focus on the why, or purpose-driven questions: why that architecture, why that platform, why that technology stack, why that database approach, etc.
Waterfall Waterfall is a fairly sequential approach to project management. Each part of the project is divided into phases and those phases tend to be well-defined before any work begins.