Traditional software development methodologies were not well-suited to frequent changes in requirements. Newer agile methodologies like Agile and XP emphasize adaptability, iterative development, and communication between developers and customers. These methodologies may provide better efficiency and quality outcomes than traditional predictive models. While documentation is still important, agile focuses on executable work products over speculative documentation and emphasizes that documentation should have clear benefits outweighing production costs. Choosing the right methodology requires considering an organization's goals and ability to manage challenges in a dynamic business environment.