<ul><li>An agile approach enables product managers to mitigate high risks by implementing incremental changes, unlike waterfall methodology where risks escalate rapidly with each stage.</li><li>Waterfall methodology's 'one-size-fits-all' approach does not cater to diverse customer needs, whereas Agile allows for managing different product variations to attract a wider customer base.</li><li>Instances of public agencies investing in extensive requirements specifications only to encounter project failures highlight the importance of practicality and adaptability in product development.</li><li>The provided illustration serves as a tool to convey key points about Agile and Waterfall methodologies, emphasizing the need for critical thinking and practical application in product management.</li></ul>

The Agile v/s Waterfall story continued… about parts overlooked

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