Sample Solution

Agile Project Management (PM) is a methodology that emphasizes flexibility, collaboration, and rapid delivery over traditional planning and development processes. Agile project management has become increasingly popular in the software development industry as it enables teams to work on projects more quickly, efficiently and with greater agility. It breaks down big projects into smaller tasks or ‘sprints’, allowing for faster problem solving and shorter time frames. Agile PM also allows teams to be more responsive to changes in customer needs or market conditions during the product development process.

One of the main advantages of using agile PM is its focus on iterative results rather than comprehensive plans up front. Traditionally, when developing new products, organizations would often take a ‘big-bang’ approach whereby they set out all their requirements upfront before beginning any actual development work. This approach can be quite rigid and can lead to long delays as unforeseen changes have to wait until after the product’s release for implementation. With an agile approach however, teams start with small parts of the project – such as user stories – which allow them to get feedback from stakeholders much sooner about what should be included in each iteration of the product release cycle (Cockburn & Highsmith 2001). This allows features which are not core components yet but desired by customers to be added earlier in the cycle rather than having them wait until an unknown time later on (Larman 2004). As well as being able to provide quicker turnaround times due to this iterative nature, agile PM also encourages increased collaboration between team members throughout every stage of a project’s lifecycle (Schein 2000).

Overall then, agile PM provides organizations with a framework for fast decision-making processes that allow teams greater flexibility when responding quickly to changing customer needs or industry trends throughout product design cycles thus ultimately leading towards better end results for users (Highsmith 2002).