This document compares sequential and iterative project management approaches. It begins by providing context on the evolution of project management methodologies in IT to meet changing requirements. It then discusses the two main approaches - sequential and iterative. The sequential approach follows phases in a linear fashion where the output of one phase is the input of the next. An example is the waterfall model. Key advantages are its simplicity and structure while disadvantages include inability to adapt to changes and delays propagating between phases. The document aims to analyze the features and drawbacks of both approaches to determine which is better suited for different project types.