Explain 2 advantages and 2 disadvantages of using hybrid approaches to track progress and performance metrics throughout a project’s lifecycle

The monitoring and controlling processes completed by a project manager may include collecting performance information, analyzing risk, forecasting the budget and schedule, developing action plans, and submitting change requests. Documents and processes may differ depending on the methodology selected for a project.

Compare agile and hybrid approaches, and respond to the following in nine separate paragraphs, each wit a section heading. at least 175 words

Explain 2 advantages and 2 disadvantages of using hybrid approaches to track progress and performance metrics throughout a project’s lifecycle. How could these factors influence the success of a project?
Advantage a
Advantage b
Disadvantage a
Disadvantage b
Explain how agile approaches differ from hybrid approaches when forecasting budgets and managing schedules.
Why is understanding these differences important for effective project management?
Discuss 2 differences between agile and hybrid approaches when used to create and execute effective action plans. How could these differences impact the way a team collaborates?
Difference 1
Difference 2
Provide an example of a project (real or hypothetical) that would benefit from a hybrid approach. Explain.

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