Over the past 10 years, the adoption of Agile project management methodologies has grown. But what is Agile project management? And why use Agile?
Agile project management uses short development cycles called “sprints,” each of which incorporates and adapts to the stakeholder and customer feedback to produce an expertly honed end product. Agile project management has become so popular partly due to the fast-paced nature of business today. With its focus on continued evolution and collaboration, the methodology targets organizations dealing with rapid to-market deadlines, shifting priorities, high stakeholder engagement, and a need for flexibility — in other words, most businesses today!
Rather than spending six months developing a product or service that may be outdated by the time it hits the market, a company using Agile project management could release the first iteration within two weeks. They could then continue to release updated, adaptive versions over the next six months, resulting in a much more effective, relevant, and useful final deliverable. That is why Agile project management, which was originally developed for software companies, has since been adopted by a wide variety of industries, from financial services to transportation.
The Benefits of Agile project management include:
Higher product quality
Because testing is integrated throughout the project development process, the team can perform regular checkups and find areas of improvement.
Agile project management virtually eliminates the chances of absolute project failure. Working in sprints allows teams to develop a working product from the beginning or fail fast and take another approach.
Better visibility into project performance
Agile project management lets team members know how the project is progressing. Frequent Scrum meetings and sprint reviews provide increased transparency to everyone on the team.
Increased project control
Team members have control throughout the project with more opportunities to test and adapt.
Better project predictability
Breaking up the project into shorter sprints allows project managers to predict the exact cost, timeline, and resource allocation necessary for each sprint.