Project Management

2 Ways to Lower the Cost of an Agile Project [Infographic]

From the The Money Files Blog
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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

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Categories: agile, cost management


Given the type of work that normally happens in an agile project – yes, we’re talking IT development – it’s common that the largest overhead is normally the team. People cost money because we have to pay their salaries. All the while they are tied up on a project they aren’t doing other projects. Those other projects could be more valuable to the organization. So it does matter how people spend their time.

If you are asked to cut the time of an agile deployment, how can you do it? If we’re focusing on staff costs, there are two main ways: increasing velocity (i.e. working more efficiently and doing more in less time) or decreasing scope (i.e. doing less so you finish earlier).

The infographic below shares a bit more about these two options.

What are your top tips for cutting costs in an agile project without cutting quality? Are there other techniques you use? Share them in the comments below!

agile project infographic


Posted on: August 11, 2021 08:00 AM | Permalink

Comments (4)

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Kwiyuh Michael Wepngong
Community Champion
Financial Management Specialist | US Peace Corps Yaounde, Centre, Cameroon
Thanks Elizabeth, just wondering if these two strategies can be deployed simultaneously

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Mayte Mata Sivera PMO Leader | Speaker | Author Ut, United States
Great one! Thank you!

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Chinonso Nwankwo Senior Consultant| Arup Lagos, Lagos, Nigeria
Good onešŸ‘

Thanks Elizabeth

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Yasin Ali Shah PMPĀ®, PMI-RMPĀ® Certified Project Manager| SEPCO Electric Power Construction Corporation Ras al khair, Eastern, Saudi Arabia
agile is right choice to complete tasks ontime

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