The chosen approach a team uses to run those steps, such as agile or waterfall.
Like choosing between building a house in one planned pass or room by room with the family reviewing each one.
Projects covers templated or custom builds, planned in the way that suits the work.
Which method is best?
It depends on how clear the requirements are. Clear and fixed suits waterfall; changing needs suit agile.
Every WILDCARD card exists to solve one named problem. Find yours.