Have you ever wondered how tech giants manage to develop and update numerous products in such a short time? The answer lies in Agile. Agile project management focuses on speed, frequent releases, and feedback loops. According to Vitality Chicago, Agile’s failure rate is a meager 8% compared to Waterfall’s 22%. It’s no wonder 71% of companies use Agile approaches, and the interest is stronger than ever.
What is Agile Project Management?
Agile is an iterative approach to project management that prioritizes collaboration, feedback, and response to changes during the project lifecycle. Here, the project is broken down into short developmental cycles or stages called iterations. During each iteration, team members collaborate with stakeholders to adjust and improve processes and the final deliverable.
Agile project management traces its roots back to software development in the 1990s. Software teams, in particular, found traditional project management methods (such as Waterfall) to be too rigid. Software development requires autonomy, adaptability, and flexibility as opposed to more traditional projects (such as manufacturing) with fixed processes and predictable outcomes.
The Agile methodology has since found widespread use outside of software development and can be applied to virtually any project with constantly changing objectives.
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