Analysing the Benefits and Drawbacks of Waterfall Model in Software Development Projects at Steward Bank, Zimbabwe

Abstract

This research analyzes the benefits and drawbacks of the Waterfall model in software development projects at Steward Bank, Zimbabwe. The advantages and disadvantages of the Waterfall methodology in software development projects at Steward Bank in Zimbabwe are examined in this study research. The purpose of the study is to assess how the Waterfall model's linear, organized approach affects project results, including deadline adherence, stakeholder satisfaction, and project management effectiveness. This study highlights the Waterfall model's advantages in enabling precise requirements and predictable deliverables by looking at case studies and gathering qualitative information from project teams at Steward Bank. It also discusses the model's drawbacks, including its rigidity in adapting to changes and the possibility of project delivery delays. The report offers verifiable proof of the Waterfall model's efficacy in software development by integrating case studies and qualitative data gathered from Steward Bank project teams. The study illustrates how the approach supports comprehensive requirements collecting, transparent communication, and efficient project management by looking at a variety of projects, including the creation of a customer relationship management system. Team member surveys and interviews show that the Waterfall model's defined phases produce predictable results, allowing for on-time delivery and increased stakeholder satisfaction. This comprehensive strategy highlights how the model can be tailored to the particular requirements of various banking industry projects. The results are intended to provide light on the best practices for software development approaches used in the banking industry. The study's conclusions are ultimately meant to shed light on best practices for software development approaches applied in the banking industry. Stakeholders at Steward Bank and other similar organizations in the banking sector may make well-informed decisions about their software development strategies and make sure they meet customer expectations and corporate goals by being aware of the Waterfall model's advantages and disadvantages