The 7 Key Benefits of Using the Agile Methodology
Agile today stands as one of the most popular approaches to project management because of its flexibility and evolutionary nature. It started in 2001 with the Agile manifesto and was originally made for software development. Over time, agile project management evolved and became a popular choice for many project managers, irrespective of the industry.
Agile, in a nutshell, is an iterative and incremental approach to project management that helps teams keep up with the demands of the modern workplace. It consists of different methodologies and all of them are based on the concepts of flexibility, transparency, quality, and continuous improvement.
–> Learn about the comparison of scrum and kanban frameworks in Agile.
What makes Agile so successful and why are managers solely relying on it or are using it in combination with other frameworks? The reason behind it is simple. Agile makes the managers’ job easier and allows them to have greater control over their projects. What makes Agile project management truly unique is the fact that it focuses on both, delivering quality and value to the customer, and completing the project within the given constraints.
Here are some top reasons and benefits why Agile is adopted by top companies for managing their projects:
1. Superior quality product
In Agile project management, testing is an integrated part of the project execution phase which means that the overall quality of the final product is greater. The client remains involved in the development process and can ask for changes depending on the market realities. Since Agile is an iterative process, project teams keep on learning and growing with time and continue improving.
2. Customer satisfaction
In the Agile, the customer is always involved in the decision-making process which leads to greater customer retention. In the traditional framework, the customer is only involved in the project planning and does not influence execution which affects the flexibility and adaptability. By keeping the customer in the loop and making changes according to their feedback, you deliver value to the customer and ensure that the final product is truly according to their requirements.
Another advantage of Agile Project Management is that the go-to-market time gets significantly reduced. This allows the product owner to successfully capitalize on the opportunity and in some cases, enjoy the first-mover advantage. It’s only natural that when customers get to enjoy these benefits because of your performance, they’ll come back to you for other projects.
3. Better control
Agile allows managers to have better control over the project due to its transparency, feedback integration, and quality-control features. Quality is ensured throughout the implementation phase of the project and all stakeholders are involved in the process with daily progress reports through advanced reporting tools and techniques.
4. Improved project predictability
With increased visibility, predicting risks, and coming up with effective mitigation plans becomes easier. Within the Agile framework, there are greater ways to identify and predict risks and plan to ensure that the project runs smoothly.
Scrum methodology, for example, uses sprint backlogs and burndown charts to increase the visibility of the project which allows managers to predict performances and plan accordingly.
5. Reduced risks
In theory, any project using an Agile methodology will never fail. Agile works in small sprint plans that focus on continuous delivery. There is always a small part that can be salvaged and used in the future even if a particular approach doesn’t go as planned.
6. Increased flexibility
When Agile is truly implemented in a project team, it empowers them with unparalleled flexibility. Agile teams work in smaller bursts and are supplemented by the constant feedback and involvement of the product owner. In other project management methodologies, changes usually are time-consuming and costly.
However, Agile divides the project in short sprints that are both manageable and flexible enough to allow the team to implement changes on short notice. This unmatched flexibility is one of the top reasons why dynamic organizations prefer to use Agile in their project.
7. Continuous Improvement
Working on self-reflection and striving for continuous improvement is one of the 12 core principles of the Agile manifesto. The methodology works in iterations which means that each sprint will be better than the last one and previous mistakes will not be repeated. Agile methodologies foster an open culture of idea exchange and collaboration which allows team members to learn from shared experiences and improve together.
An agile framework is a powerful tool that helps managers, team members, and clients. From improving the quality of the product to helping in the professional development of the team members, the benefits of Agile are numerous. It helps teams overcome pitfalls like excessive costs and scope creep. If you’re wondering if it’s the right methodology for your team, take a look at this.