Definition
A sequential project management approach where each phase must be completed before the next begins, flowing downward like a waterfall. Popular before everyone realized that business requirements change faster than waterfalls flow upward.
Example Usage
We abandoned waterfall methodology in favor of agile because our requirements kept changing mid-project.
Origin
Software development methodology formalized by Winston Royce in 1970, though he actually criticized it
Fun Fact
The paper that defined waterfall methodology was actually arguing against using itโbut that didn't stop it from dominating software development for three decades.
Source: Project management and software development terminology
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