|
flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
|
Editor's Note: Take a look at our featured best practice, Business Agility Toolkit (450+ KPIs and OKRs) (1034-slide PowerPoint presentation). Curated by McKinsey-trained Executives Unlock Your Business's Potential with the Complete Business Agility Toolkit In today's fast-paced business environment, adaptability and strategic agility are no longer optional--they are essential for survival and growth. The Complete Business Agility [read more]
* * * *
When it comes to managing projects in the present times, you will find multiple methodologies available. There is always more than one way to get a particular work done. As you will start searching for the right project management team, you will surely come across an approach called Agile Project Management.
It is one of the latest techniques in the project management world. Due to its efficiency and great results, the agile management technique is becoming one of the most popular methodologies worldwide. To understand how agile teams, work and whether it is the right method for your team, you must be clear what agile teams actually are. Here’s the beginner’s guide for understanding agile project management methodology.
Agile Project Management is one of the latest and docile approaches to project management. It focuses mainly on the value and the end results of the project. An agile method is an iterative and incremental approach to management. An agile team has the ability to create something new and to make the required changes in no time.
It allows the team to break the project into smaller units that become more manageable. These smaller units are then tackled generally in sprints or iterations. By iteration, it means a period in which the plan gets outlined and then broke down by the team as per the requirements. This lets the team understand and adapt to the changes instantly.
The main aim of agile management is to bring down the costs to the minimum by cutting down expenses. The agile team mainly focuses on achieving the project goals by making changes quickly and overcoming the barriers on the way.
It ensures that customer needs are given priority and producing high-quality products. The stakeholders are involved largely at different stages of product development in agile management methodology. It is done so to bring out the required changes in time and not incur extra costs in the future.
In the modern era, when everything is turning agile, it is important to keep your business updated as well. Monday.com is one such platform that helps you to manage everything in one place. It is an award-winning project & team management software and offers the best solution for any time’s agile projects. It makes use of the best option available and manages your business smartly.
Every agile team has its own set of goals and teachings, but there are few core principles that make a particular team an agile management team.
People & interactions above tools and processes
For adapting to the changes to the earliest, humans must interact with each other, and it impacts more than technological outputs. The processes and tools can never work in place of human interaction.
Working software over comprehensive documentation
No matter, documentation is important in project management still, the software must be given more importance. The developers must not be overloaded and only give the exact commands that are needed for the task to be completed.
Customer collaboration over contract negotiation.
To put the best way, forward the final customer of the product must be encouraged to collaborate with the development team. It is to ensure that the customer and the team do not see each other as adversaries but rather collectively as a single team.
Responding to change over following a plan
The specialty of agile projects is that they accommodate the change in a systematic manner. The agile approaches to changes immediately and no not stick to the pre-set standards.
Planning
The process starts with planning the events and deciding the end goals that will bring more value to the organization and the stakeholders. The plan is formed generally by the team members while keeping all the factors in view. While planning, it is important to keep in mind that it is not the final plan, and there can be changes on the way.
Creation of Roadmap
The next step after planning is to create a roadmap that will take the organization to its ultimate goal. The team will create a product backlog in the second step. It can later be used when preparing scrums and helps to create a user-centric product.
Execute the Plan
In agile methodology, fewer smaller development cycles are followed, known as sprints. For executing the plan for the project, you will check the sprints and follow up.
Planning of Sprints
To achieve the required target during the sprint, you must ensure that the workload is shared evenly among the team members. For efficient project management, you must also check that there are no bottlenecks or deficiencies.
Routine Meetings
Conducting regular meetings is an important step in Agile Project management. With daily meetings, the members can discuss what they have achieved and make changes if necessary, in the plan.
High Product Quality
Due to shorter product development cycles, the flaws are acknowledged and removed instantly. It makes the product error-free and up of higher quality. The product is tested shortly, at different intervals, and thus the product created is of high quality.
Elevated Flexibility
The major benefit that Agile methodology is that of greater flexibility and adaptability. In the age of remote working and the required tools, adopting something that complies with agile has a greater benefit. By the iterative approach and instant feedback from the consumers, you get the required data at the correct time, when changes are easy to make. It increases the ability of the team to adapt to the changes decrease uncertainty.
The Agile Methodology has many other benefits over traditional approaches such as happier teams, high customer satisfaction, reduced costs, etc.
You can download in-depth presentations on Agile and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
For even more best practices available on Flevy, have a look at our top 100 lists:
These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
