Agile Management

Agile Management In A Nutshell

Agile Project Management (AgilePM) seeks to bring order to chaotic corporate environments using several tools, techniques, and elements of the project lifecycle. Fundamentally, agile project management aims to deliver maximum value according to specific business priorities in the time and budget allocated. AgilePM is particularly useful in situations where the drive to deliver is greater than the perceived risk.

Understanding Agile Project Management

Although often associated with software development and the IT industry, AgilePM offers rather general advice that any business can use effectively – regardless of the industry.

By undertaking accredited AgilePM training, individuals will learn how to:

  • Apply the underpinning philosophy of AgilePM to a project situation.
  • Implement popular Agile techniques such as the MoSCoW method and iterative development.
  • Assign roles and responsibilities when leading an agile project.
  • Test, estimate, and measure progress during an agile project, including the communication of progress to interested stakeholders.

Benefits for businesses who adopt AgilePM methodology

AgilePM is relatively easy to implement and has a proven track record of delivering several key benefits.

These include:

  1. Quality. AgilePM prioritizes quality at every stage of the project lifecycle through strict criteria. By regularly assessing each iterative result, the business becomes more responsive to changing conditions. For example, a previously unidentified gap in the market of a new product might create demand for additional features. Rather than prioritizing the completion of the product, AgilePM practitioners can adjust the product accordingly to maximize ROI.
  2. Clarity. Clarity is important because it avoids a scenario where products become unfocused and wasteful because of a lack of scope. AgilePM defines a project using predetermined KPIs that team members can measure progress against to ensure that the project remains on track.
  3. Speed. When large projects are delivered incrementally, the speed and efficiency of appreciable results increase. Faster turnaround times increase stakeholder engagement and lead to higher customer satisfaction. Enjoying a series of quick wins, the project team itself is also more motivated to work quickly and studiously toward the next iteration.
  4. Risk mitigation. Iteration is a core component of AgilePM. Project teams consistently review their work for flaws or vulnerabilities, significantly reducing the risks of costly or time-consuming fixes later in the process. This allows agile projects to be delivered on time and budget.
  5. Efficient management. Many organizations incorporate a top-down (hierarchical) approach to managing their staff. However, Agile Project Management advocates a more lateral approach. Team members are given greater autonomy so long as they work within the boundaries of predetermined roles and responsibilities. This encourages accountability and allows each team member to work to their strengths.

Key takeaways

  • Agile Project Management is one of the most popular and easy to implement agile methodologies. It allows project teams to work collaboratively with a focus on delivering maximum value given time or budgetary constraints.
  • Agile Project Management is often associated with software development, but it can be used by any business regardless of the industry it operates in.
  • Agile Project Management delivers many benefits to businesses. High-quality products that are sensitive to consumer demands is one such benefit. AgilePM principles also mitigate risk and give team members a greater sense of autonomy and accountability.

Read Next: Continuous InnovationAgile MethodologyLean StartupBusiness Model InnovationProject Management.

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Published by

Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which reached over a million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get The FourWeekMBA Flagship Book "100+ Business Models"