Why is Agile Methodology Important?
Agile methodology is an alternative to traditional project management, typically used in software development. It helps teams respond to unpredictability through incremental, iterative work cadences, known as sprints. Agile methodologies are an alternative to waterfall, or traditional sequential development.
why agile methodology is important is as follows.
- Revenue
The iterative nature of agile development means features are delivered incrementally, enabling some benefits to be realized early as the product continues to develop.
- Speed-to-market
Research suggests about 80% of all market leaders were first to market. As well as the higher revenue from incremental delivery, agile development philosophy also supports the notion of early and regular releases, and ‘perpetual beta’.
- Quality
The product owner to make adjustments if necessary and gives the product team early sight of any quality issues.
- Visibility
Agile development principles encourage active ‘user’ involvement throughout the product’s development and a very cooperative collaborative approach.
- Risk Management
Small incremental releases made visible to the product owner and product team through its development help to identify any issues early and make it easier to respond to change. The clear visibility in agile development helps to ensure that any necessary decisions can be taken at the earliest possible opportunity, while there’s still time to make a material difference to the outcome.
- Flexibility / Agility
Agile development principles are different. In agile development, change is accepted. In fact, it’s expected. Because the one thing that’s certain in life is change.
- Business Engagement/Customer Satisfaction
The active involvement of a user representative and/or product owner, the high visibility of the product and progress, and the flexibility to change when change is needed, creates much better business engagement and customer satisfaction.