Realizing the Business Value of Agile
Back in August 2012, Dr. David F. Rico was the featured guest for the PMI’s Webinar on the "Business Value of Agile Methods: Using ROI and Real Options". Amongst other things, Dr. Rico provided a brief survey of the benefits of agile methods as reported by major industry studies (including rarely seen, late-breaking economic data and results from the top consulting firms).
Dr. Rico also provided a survey of costs and benefits, a suite of metrics for quantifying business value, a discussion of parametric models, a methodology for estimating ROI and a comparison of major agile and traditional methods.
Of course, there are those who still contend that agile has caused more problems than it solves--but then the 2009 CHAOS Summary report from The Standish Group states that 32% of all projects succeeded in delivering on time, on budget, with required features and functions.
So how do you ensure that agile works for you?
First, ensure that you are using the right methodology for your project. If your requirements are not likely to change frequently over time, then traditional methods may be best for you. For companies with a need to dynamically respond to market conditions, an iterative, lean approach is recommended.
If agile is new to your organization, start with a pilot project to get an idea of the unique organizational challenges (…
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While hunting in Africa, I shot an elephant in my pajamas. How an elephant got into my pajamas I'll never know. - Groucho Marx |
