The most common combination of hybrid project management is Agile and Waterfall, but in practice teams can combine any method, including Lean, Kanban, Scrum, PRINCE2 or PMBOK, depending on the goals, objectives and specifics of the project.
The meaning of a hybrid approach is to go beyond one methodology and flexibly adapt tools and processes to real-world conditions, such as:
- Project type
- Customer requirements
- Team skill level
- Available resources, and other factors.
For instance, you can use Waterfall for pre-planning and budgeting, and Agile for iterative development and rapid response to changes.