Five Core Benefits Agile Project Management Can Bring into Your Business
Agile project management is now a widespread integration into many businesses around the world, and for a good reason. It helps you get stuff done, helps manage your teams, and assists you in making sure your project is a success, but how exactly is this possible?
In today's guide, we're going to explore the five main benefits that agile project management can provide for you, and why it's definitely worth your consideration. Let's get straight into it.
1. Greater Levels of Control
Easily one of the highlight features of using the agile system is the level of control you'll have over your projects. With increased visibility at every stage, much more control over the direction and the delegation of what's going on, and the ability to address problems and issues much more quickly and much more efficiently. Gone are the days of business projects snowballing out of hand.
Every stage of the Agile process comes with increased transparency. And the Sprint meetings you'll have along the way means any creases can be ironed out and dealt with, rather than being swept under the rug, potentially causing problems in both the short and long‑term.
2. Less Chance of Risks Happening
According to Carl Hinton: "Agile projects are much more organised and approachable than other, more traditional kinds of projects, this means there's a much lower chance of a dangerous risk occurring. By this, I mean there's a huge amount of effort that goes into pre-planning and monitoring, which means that potential risks are highlighted quickly and addressed."
With fewer risks to worry about from the word "go", this means that if problems do arise, you'll be able to simply address them with more effort and resources to get them handled quickly, all because you won't be worrying about the smaller problems since they're already dealt with.
3. A High-Quality Outcome
In Ben Harper's view: "A major part of the Agile process is making sure you're testing your product or service, and regularly checking in at all areas of development. This is to ensure all practices are being carried out properly, and all issues are being dealt with in a timely way."
This results in a much higher quality outcome, whatever your end goal of the project is defined as. This is because you know that every step of the way has been checked and double-checked to ensure quality. Both you and the end-users will reap the benefits of this approach.
4. Improved Client/Customer Satisfaction Rates
Hand in hand with the consideration above, the higher outcome of the project will keep both your clients and your customers incredibly happy. This is great for nurturing long-term relationships and partnerships.
Thanks to the way the agile management system is run, clients can come to you any time, and you'll be able to tell them exactly where you're at and what's going on. This is a great way to build trust and honesty.
5. Rapid Return on Investment
The final benefit that all businesses need to know about is related to how fast your return on investment will be. Since you're starting the project early with much more detail, organisation, and planning, you'll be able to provide more value into your project every step of the way. This means the more you put into your project, the more you'll get out of it.
You'll be dramatically minimising the risk of going over budget and having to invest a ton of resources unexpectedly later on in the project, thus making your return on your investment much higher. This is obviously positive for you, your customers, and your clients.
The statistics don't lie. With time to market, times increased by around 37%, and efficiently among teams increasing by around 16% when using the Agile system, it's safe to say that there's a huge amount of benefit that your business can enjoy.
If you haven't already, make sure you're considering the potential impact that introducing the Agile system could have on your business, and what kind of direction it could help to direct you, especially into the realms of success.
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Thank you, Michael, for your insights.
2. Carl Hinton is a business writer at Australia2write.com and Nextcoursework.com.
3. Ben Harper is a project manager at Britstudent.com and Writemyx.com.