Waterfall for Planning: Use the structured Waterfall approach for long-term planning, budget allocation, and defining clear milestones.
Agile for Execution: Apply Agile methodologies during the execution phase, especially in areas like software development or iterative tasks where frequent feedback is needed.
Flexibility in Switching: Teams can switch between Agile and Waterfall depending on project needs. For example, Agile can be used to develop a product incrementally, while Waterfall can ensure compliance and documentation standards are met.