With Agile project management, primary constraints, such as time and cost, can be continuously evaluated. Rapid feedback, continuous adaptation, and Q&A best practices are built into teams’ schedules, which ensures quality output and a streamlined process.
The benefits of Agile project management are many, particularly for the following organizations and project types:
Here are the five largest benefits of adopting an Agile method:
1. Continuous customer contact
Traditional project management methods generally only had the project team in touch with the customer at the start and end of the project. If customer requirements or expectations were not captured correctly in the beginning or changed over time, the project team had no idea until it was too late. With Agile, there’s ongoing contact throughout the entire process and iterative deliveries to ensure your team is on track, so the product will be exactly what the customer wants.
2. The ability to adapt
What if your customer told you halfway through a project that they needed a scope change? Using a traditional approach to project management, this either could not be accommodated or likely involved significant increases to both the project cost and schedule. With Agile, you can incorporate changes with minimal effort, no matter how far along in the project.
3. Faster delivery
Agile incorporates a continuous development approach that ensures your team is continuously delivering workable products. Instead of waiting for six to 12 months or longer for a product, your client is getting a working version of the product at much shorter intervals, typically every two to four weeks.
4. Lower project risk
Your team is developing versions of the product regularly and getting customer feedback early on, minimizing the risk of a project failing. Breaking a large project into iterations reduces your risk of an iteration or draft failure. You are more likely to find small problems early that can be addressed quickly, rather than discovering a large issue only at the time of final testing before the end delivery. If later you encounter a problem or need to cancel the project, you will have invested less time and money.
5. Ongoing innovation
Agile supports collaboration and continuous improvement, both of which can lead to innovation and the development of new products and features. Co-locating teams and having daily meetings encourage brainstorming and idea creation. Agile supports an “idea meritocracy” where the best idea wins out, no matter who it comes from. The project team, other stakeholders, and the customer can figure out functionality and features together.
The following represents some of the other benefits of Agile project management