Project Management Life Cycle (PMLC) models are frameworks which guide organizations in the successful management of a project. Two PMLC models that I have experience using and that interest me are the Iterative and Incremental Model and the Waterfall Method. Both approaches help to ensure projects remain on track while also allowing for flexibility throughout their life cycle.
Similarities: The two most notable similarities between these processes is that they both aim to break down a project into smaller, more manageable pieces, as well as require strong communication and collaboration from stakeholders involved in order to achieve success. This allows for an organized approach to effectively manage any issues that may arise during the course of the development cycle. For example, both methods encourage feedback from stakeholders such as project managers, developers or clients at various points throughout the process – providing opportunities for changes or adjustments when necessary. Furthermore, both processes include formalized reviews of progress at certain checkpoints before moving onto subsequent stages; this helps ensure all tasks have been completed according to expectations set forth by those involved in leading/managing it. Additionally, they also provide ways of tracking progress throughout each phase so teams can be aware of how close they are towards completing its final objective(s).