This document discusses the challenges of running a project that combines both waterfall and agile methodologies. Some key challenges include different approaches to reporting, managing changes, meeting customer expectations, and communicating plans to stakeholders between the two methods. However, the document notes that it may not always be necessary to view waterfall and agile as completely different if long term goals are defined but short term iterations use more agile processes, and flexibility is prioritized over rigid adherence to a single methodology. It concludes that the best approach depends on the specific project, customer, environment and team.