Businesses these days are looking for reasons for adopting agile. Are you one of them? Are you concerned whether it is for small or big businesses?
Or is it the cost that you’re worried about? Whatever the reason, we’ll talk about the 7 reasons why businesses should adopt an Agile Framework but not before learning the origin of the Agile framework.
And, don’t worry it won’t cost you a fortune.
The spring of 2000 changed the decade and the world of project management methodology forever. 17 developers came together in a ski resort to discuss how the documentation driven; heavyweight software could be improved to make it lightweight.
Thus, the birth of the greatest project management documentation came to be born of what we now know as the Agile Manifesto.
In short, the end objective was to create a software that could be quickly used by the customers.
Let’s dive into the definition of Agile.
What is Agile Framework?
Agile framework is a specific approach to project development to planning, managing, and implementation. It is an iterative process that includes continuous testing, testing, integration, and other forms of continuous development.
The Agile Manifesto is centered on the Agile values-
- Individuals and interactions over processes and tools
- Working software over comprehensive documentation
- Customer collaboration over contract negotiation
- Responding to change over following a plan
6 Reasons Why Businesses Should Adopt an Agile Framework
It’s now time to cut the suspense and talk about the central topic that you’ve been waiting for with bated breath. Here are 6 Reasons for Adopting Agile that business should consider-
1. Faster time to market
Are you tired of waiting for the entire product to be completed to be launched in the market? You aren’t the only one. Agile has a solution. Agile propagates the principle of Minimum Viable Product (MVP) or Minimal Marketable Product (MMP).
Both are lean concepts.
MVP tests the product by releasing it early to the product. This allows for you to see the customer perception towards your product. If your working product is well received by the customers, it means your product is viable.
You must have heard about MVP but what is MMP?
Minimum Marketable Product is the functional software that is cent percent market ready. It consists of all the minimum essential features. It is ready to be launched in the market. It saves you the time of building the whole product with all functionalities. You can give the customers what they want.
2. Increased ROI
Agile offers early ROI that conventional methodologies fail to offer. Since product development takes less time compared to traditional methodologies, the working product is released to the end users.
Since the time to market is longer in traditional development frameworks, the time between initial investment and ROI is longer. There are problems such as developmental delays, bugs, and negative customer reviews.
Agile negates all the above problems, since the product is built in sprints and customer feedback is taken so that improvements can be made on the go. This results in faster time to market.
3. Real time Customer Feedback
The Agile framework encourages customers to be part of the development process. Due to this feedback loop, any issues or problems pointed out by the customers can be resolved.
This isn’t possible in traditional methodologies because the customer participates only in the initial process. The problems highlighted by the customer can’t be resolved due to the rigidity of the framework. It is too expensive to start over.
4. Develop the right product
By launching the prototype to the customers, you can find out the critical reception towards the product. Based on their feedback, you can evaluate if your product is viable to break even or become profitable.
You can build your product in increments and don’t spend the entire money in building it till you finish.
5. Employee Satisfaction
Just how customers are important, customers too are indispensable for your business. Employees are involved in the decision-making process from the onset of the agile development process.
They work with the stakeholders directly and have a say in important decisions. The team works in Agile process is tight knit which lowers the chances of conflict and differences of opinion.
This leads to higher employee engagement as employees are gaining knowledge which reduces the attrition rate.
6. Organizational Transparency
The work in Agile development happens in total transparency. Nothing happens behind closed doors. Members are honest towards each other and work in unison towards achieving a common goal.
There is no organizational hierarchy and the open office culture boosts employee satisfaction.
Conclusion
Now, what reason makes you believe that your business should adopt the Agile framework?
Be it faster time to market, increased ROI, proactive customer feedback, developing the right product, employee satisfaction, and organizational transparency, we believe you have the reasons for adopting Agile framework.
0 Comments