Shaping and developing an idea successfully to the market is not an easy job. A lot more effort goes into the process of making a final product from just a mere concept.
You might wonder seeing all those organizations putting out new products or services every now and then, and successfully satisfying the audience, how they manage to manufacture and provide services so smoothly.
Basically, to execute every idea into a product you need to have a plan so, companies and organizations use project management techniques.
Project management thoroughly focuses on how and when every step is going to be carried out to achieve great results in the end.
A project management technique that has all roar nowadays is agile project management.
What is Agile Project Management?
Experts all over the world are preferring this technique for their future and ongoing projects as agile project management has a 60 percent more success rate than other traditional project management approaches.
So, the million-dollar question right now is what approach agile project management follows that ensures such a good success ratio.
Basically, agile project management methodology follows an approach of working in numerous phases and in each phase achieves a goal.
How does it work?
Agile project management requires the project teams to cycle through a process of planning, executing, and evaluating as the project goes on.
As agile divide the projects into numerous phases to keep a check and balance on the product throughout each passing phase.
As the project is divided, the work is done as prioritized by the project management team.
The team evaluates the progress and also gets feedback from the client about the product at the end of each process, this significantly lowers the chances of failure of the product.
Agile project management methodology lets the agenda be definitive, quick, and on time. It provides you with such conditions that keep up with the budget track continuously. Agile emphasizes the customer and client interaction more than other approaches which keep the customer satisfied along the journey. As the customer is keeping up with the progress, it lowers the chances of customer complaints at the end.
Phases of Agile Project Management
The agile project management model comprises 5 phases, a brief knowledge about each phase is written below:
- Envision: This is the initial phase of the model in this the idea is briefly conceptualized, objectives and stakeholders are identified.
- Speculate: In this phase, the ‘breakdown’ of the high level of milestones is done to distribute them into phases and then it helps decide the project timeline further.
- Explore: The team focuses on achieving a single milestone while trying to fulfill all the customer and project demands by keeping check and balance all the while.
- Adapt: As predicted by the name, in this phase the team is supposed to be ready to work under any circumstances as the constant feedback from the clients and fulfilling it to the core is the main priority.
- Close: The final product is reviewed and the client’s final feedback is taken. Lastly, a glance is taken over the whole journey to determine the glitches to eradicate or work on them in the next project.
Benefits of Agile Project Management
The positive outcomes of agile project management are:
- As the client is involved in the whole process of development, the product is likely to be delivered as per their vision to the core so, customer satisfaction is ensured in this methodology.
- One of the major benefits of Agile Project Management is reduced risk, working in phases and completing the project step by step and regular client feedback leads no project to failure. Even if the particular approach does not work out a small part of the project can be used in further upcoming projects. Experts say that in theory no agile projects can be failed.
- Superior quality product is ensured so testing is a part of the project execution phase which makes sure that the end product is by far of greater quality.
- It gives project managers better control during the developing stage due to its quality control and feedback integration features.
Drawbacks of APM:
To ensure that 60 percent success ratio, you need to work on the following:
- The project can go off track in the beginning due to less amount of established course of action.
- Projects that deviate from the path have less predictable results.
- It relies upon rapid decision-making so, for firms that take ages to finalize their decisions, agile is not for them.
- Communications must be swift because the best results will be gained from the collaborations of the teams and clients.
In today’s fast pacing world, agile project management methodology has sure become one of the prime approaches for the project managers to use as it makes the work more accountable and achievable. We hope that this article helped you gain some knowledge about agile project management.
When choosing a project management software, business owners should know their requirements such as the size of their business; if it is large scale or small scale, how many people are in the team, is it a large team, what features will be important for projects, and what are the most important features for the business.
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