Problem 1: Given the increasing emphasis on less structured (more Agile) approaches to Project Management do you think there is still a place for highly structured (waterfall), more formal project management frameworks like the PM's PMBok Guide?
Problem 2: If yes, then please describe the specific advantage of structured project management with reference to your chosen knowledge area highlighting the benefits of a high level of detail in planning, executing, and documenting this aspect of Project Management. If no, please provide an explanation of how a more agile approach to Project management is able to compensate for a lack of detailed up-front planning with reference to your chosen area, and how issues that may arise from a lessened emphasis on planning are addressed under a more agile approach.