I found myself quoting Eric Ries today.
It occurred when a VP asked me to compare Waterfall vs. Agile, and to explain when it was appropriate to apply each methodology.
In under 10 seconds, I was able to get my point across thanks to the following slide deck:
Waterfall is quite effective when tackling a Known Problem with a Known Solution.
Agile works best when faced with a Known Problem and an Unknown Solution.
With that said, I strongly believe that Waterfall and the old guard of Product Development will become less and less prevalent as we accelerate time to market. In today’s technology sector, by the time you are finished with the 3rd review of your SRS document, another company will have already beaten you to market with a Minimum Viable Product using Agile and Rapid Customer Development.
Perhaps their early release will lack a certain polish from your perspective, but then again you have a slide deck, and they have actual customers.

