If you’ve been near a management team, you’ll likely have heard of an agile project. What you might not know are some of the exciting statistics. For example, one of the essential components is a $4.3 billion industry all on its own.

There’s something to gain from implementing agile ideas, no matter your industry. Read on if you’re interested in what agile is and where that hidden market value is.

What Are the Basics of an Agile Project?

Before understanding agile project management, we must consider agile as a core concept. A lot of the inspiration for agile came from IT, specifically the development of software. There was a prescribed way to approach project management, which wasn’t working in this particular space.

The agile project methodology began to form to counter the sluggish and heavy project management style of the 1990s. Instead of that set-in-stone style of the development cycle, agile introduced a new concept. That concept was that a team should be able to go through multiple iterations of a product, testing, and refining.

That meant more feedback and adaptability, which is where the agile name came from. We arrived at the first version of the modern agile framework only a decade later. Now, there’s a whole host of tenets and benefits that agile frameworks live by.

The Benefits of Agile Project Methodology

The main draw of agile project management is the adaptability factor. Never again will your team be bogged down by managerial red tape, at the mercy of multiple links in a command chain. Your team will be able to react to problems with strategies that are as effective as they are fast-acting.

One of the forgotten benefits of agile project management is on the customer’s behalf. We explained in our basics that testing is essential and results in a better product. Since a product will be stress tested with potential customers so often, it refines itself into something far better.

Last but not least for your team, they’ll enjoy their work more. Workers perform far better when they’ve got more responsibility and trust, and that’s what they get in the agile framework. There needs to be communication between team members at all times, cultivating a work-friendly atmosphere.

How to Start Agile Project Implementation

Now that the question of “what is agile project management” has been answered, the last thing to do is find out how to do it.

Implementing an agile project methodology relies on having the right people on board. You’ll need time and a little luck to get the right person for the job and to train your teams.

If you’re interested in bolstering your agile team, you can consider something like AWS DevOps services to synergize with your developers.

The Latest Management Trends

We can’t blame you if you look at some of the latest management trends and feel you’re falling behind. If that’s the case, it’s time that you indulge in a different kind of agile project.

If you want that same adaptability and efficiency, you’ve come to the right place. Read more of the blog, where there are regular articles on these issues and a lot more.