Key Benefits of Agile Methodology

1. Introduction

Agile methodology has been buzzing around the corner of the market for years now. Every business is strongly advocating the usage of Agile development methodology for their project management and changes. The history of Agile methodology started with the Agile manifesto which was developed basically to develop unique custom software solutions. Since then, the adoption of Agile development methodology has just increased and there were many roles involved in this process  like developers, testers, project managers and many others.

If we were to define Agile then it can simply be called a different way of managing IT development teams and agile projects. This involves continuous feedback and continuous implementation. Agile is an iterative and incremental approach to project management that assists project teams in meeting the demands of the modern workplace. It includes various techniques, all of which are founded on the ideals of flexibility, transparency, quality, and continual improvement. Having seen how advantageous agile development methodology can be, it’s time for us to see what all specific benefits can Agile Methodology give your business.

2. Benefits of Agile Methodology

1. Standardized High Quality Product

Agile methodology has been delivering outstanding results which includes high quality service for the applications developed at reduced cost. The agile software development team does not strive to develop all product features at once when utilizing Agile methods for software development. Instead, we know how agile methodology works. It first divides the project into manageable chunks and then in order to deliver high-quality development, testing, and collaboration.

So when you use Agile methodology, it allows you to undertake testing after each iteration and solicit feedback from the product owner. This feedback will then be implemented in the development need. This strategy assists the team in identifying expectation mismatches early in the development process, as well as finding and fixing errors promptly. Working on these incremental releases will ensure that each iteration yields a thoroughly tested and functional product. As a result of Agile project management methodology,  the product’s quality improves.

2. Improve Customer Satisfaction

For a fact we know that, we have taken the highest customer experience as a part of business success. So when it comes to Agile methodology, customer satisfaction is the first Agile principle. The top most agenda is to satisfy the customers through early and continuous delivery of valuable software solutions. The project is not regarded as successful if the customer is dissatisfied with the added  features/functions. They do not accomplish their goal, regardless of how good the code is. Each sprint should add value.

The customers, particularly internal stakeholders who will utilize the final product/service, are prioritized over processes in agile. Thus, if we take their feedback into consideration, the  process will be easier and convenient. Customer feedback is included into the process to continuously enhance quality.

3. Mitigate Risks

In agile methodology, Risk factor is minimal. This is because there are continuous iterations occurring and this helps businesses  to minimize failures and flaws. Risk management is practiced throughout the product development cycle. Once there are risk identifications by the Scrum team, the action plans are developed. However, due to the default style of iterations and corrections, as well as the overall project level, action plans are implemented and monitored on a continual basis. At the outset of the project, risks are identified at a higher level. Before this, the top-priority risks were analyzed and were mapped using multiple checklists. This allows businesses to see what works for them and what not. In the traditional technique, there is typically an element of uncertainty that does not exist in Agile software development.

Product testing is only possible at the end of a regular project. However, waiting until the end to undertake testing leaves the team unsure if the product fits the requirements.

4. Have Better Control

Clear communication and transparency are the two key aspects revolving across a project’s overall development. But it is difficult to obtain meticulous control especially when evaluating the details from the C-suite or businessmens. However, one advantage of the agile project management methodology is greater control over project development. 

Like in Agile software development methodology, you allow business to go on with daily Sprint meetings that provide ongoing visibility into how a project is progressing and which tasks each team member has completed. This increases both high-level and in-depth project transparency by expanding the number of information sources. Finally, if you have control over your project, that’s all your business needs to effectively manage data and monitor daily tasks. There are apps as well that help you trace any projects more efficiently. Apps such as Slack, Trello, Asana and similar others

5. Improvised Project Predictability

Predictability of projects gets easier because of the shorter software project cycle. Sprints are short intervals of time in which agile teams operate. The agile method functions on this principle of shorter sprints. These predicted lengths enable all the project managers to more easily monitor team performance and allocate resources accordingly. The estimated spent is often easier to anticipate for shorter time spans than for long-term projects. You can make estimation quite easier and apt with analytics and prediction. 

6. Decreased Time-to-Market

Often when the software applications are built using Agile approaches, they work faster than usual. This is primarily due to Agile’s task prioritizing. Yes, Agile has this feature to prioritize work as per the needs. During a Product Design phase,  the team is able to partition the end-product into smaller chunks. This divides the number of the whole project and its must-have functionalities as per the launch. In order to offer a better-tested and better-working product we need Agile in the development methodology. The benefit of using the Agile method is that it considerably decreases go-to-market time. This enables you to successfully capitalize on the chance. In some instances, you can take advantage of the first-mover advantage.

7. Empower The Team

Now that the team works on Agile principles, such teams are typically self-organizing and self-managing. They do not need any lead to get things done. Everyone is on the same page and they have a lot more autonomous tasks which can be handled and dont need typical managed teams. So, they take responsibility for their duties and work together to overcome hurdles. Self-management has been shown to increase team members’ creativity to make them more inclined to propose alternative solutions and take pride in their job (and their work outcomes).

Self-management and an agile approach encourage personal and team growth by allowing them to share experiences and learn on a daily basis as part of their work environment.

8. Consistency and Improvement

When you work in Agile teams, there is a team meeting everyday to understand the timeline of the project and how to alter the plan in order to achieve it. In this meeting the team gathers together and retrospect the whole project developed till now to understand what has worked well and what needs to be improved The purpose is to establish a safe environment in which mistakes may be identified and avoided in the future, and it originates from the spirit of continuous improvement, which is one of the 12 basic principles of the Agile manifesto.

9. Project  Transparency & Visibility

An Agile approach offers clients unique opportunities to be part throughout the project, from feature prioritization to iteration strategic decision – making meetings to frequent software builds incorporating new features. However, in exchange for this extra advantage of transparency, clients must recognise that they are viewing a work in progress.

3. Conclusion

Finally, we now know that Agile is the simplest and go-to method for software development. The benefits are not just restricted to the software development team but also the clients in a number of ways, we haven’t even imagined. Agile methodology assists project teams in dealing with many of the most typical project stumbling blocks in a more controllable environment. This makes Agile more preferable among business and developers that makes them go for it because of the discussed perks it offers. 

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Itesh Sharma

Itesh Sharma is core member of Sales Department at TatvaSoft. He has got more than 6 years of experience in handling the task related to Customer Management and Project Management. Apart from his profession he also has keen interest in sharing the insight on different methodologies of software development.

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    1. Urja

      Agile is preferred over other methods because it makes the managers’ job easier and allows them to have greater control over their projects. Agile development principles improve overall team effectiveness, project quality and providing greater value to the customer. The performance indicators used by Agile teams in the estimation of time and cost are more accurate and relevant as compared to methodologies.