Modern day customers are used to getting things fast – fast internet, fast mobile devices, fast transportation etc. This changed their expectations as well. Customers now expect businesses to be expeditious when it comes to delivering products, services, and support. This is why many organizations adopt Agile.

Not all organizations manage to successfully implement and run an Agile ecosystem however. Nevertheless, the ones that are willing to adopt the methodology are granted a plethora of benefits in return that subsequently get the businesses a few steps closer to success.

That said, here are a few of those benefits organizations can get by adopting an Agile approach.

Faster time to market

Project teams are often put under pressure to get deliverables market-ready quickly. This is because the global economy is quite fast-paced not to mention competitive. Faster time to market is crucial for modern enterprises. Agile grants this benefit without compromising quality of the deliverables, provided it’s implemented properly with sufficient planning.

More room to innovate

Some organizations believe that technology is the main influencer on innovation. On the contrary, it’s people or the intellectual capital that influence how innovative an organization can be. A business lacking innovation would soon be outpaced by the competition. A more agile and nimble approach allows the business personnel to collaborate more effectively and bring innovative ideas into fruition without delaying the project.

Improved product quality

Customer experience is an important factor that directly ties into the success of a business. If the business can provide excellent customer experience along with quality products/services, they will gain the loyalty of their customers. Successful organizations often go out of their way to make sure their customers are happy. An agile business will be responsive enough to meet customer needs efficiently and deliver quality products/services to them on time which would impress them even more.

Boost employee morale

Keeping employee morale high should be a priority for business to maintain or even improve productivity. Increased productivity influences a business’ ability to enhance the quality of their deliverables. In an Agile environment, organizations give room for their employees to showcase their skills and innovate. Knowing that their efforts are being noticed and their contributions are being appreciated boosts the morale of employees which in turn boosts their loyalty and productivity.

Increased business efficiency and reduced risks

With Agile methodologies, business will have shorter release cycles and frequent deliveries for their products. This also enables them to ensure that quality of the final product is the best the team can achieve since each iteration of the project will be checked at every stage.

As the stakeholders will also be involved with the project along with a team, the risk of the team spending time on low priority activities is eliminated. In addition, the project will be accessing the market faster allowing the business to start generating revenue while the team keeps on improving the product.

Conclusion

There are even more benefits that an Agile ecosystem can provide an organization with. However, we thought these five required special mention. Agile project management is one great approach with which modern businesses can thrive in highly competitive and dynamic markets.

Agile is how we do our projects here at AOT. Talk to our experts to learn more about AOT’s Agile environment and its role in our punctual deliveries.

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There are risks associated with every kind of IT services including software development. These risks depend on various factors associated with the project – primarily its nature and intended purpose. The risks can be categorized based on their traits as well.

Many development companies adopt Agile methodologies to address or avoid some of these risks. But some risks are still prevalent even in Agile ecosystems due to various reasons that include process failures, unexpected changes, planning mistakes etc.

In this blog, we will explore a few types of software development risks in an Agile environment, starting with:

Budget risks

Budget risks are perhaps the most common as a project can go over budget due to a number of reasons. When developing software in an Agile environment, the team will have to proceed based on certain assumptions at some point till they get new information that disproves their assumptions. Naturally, as the product development progresses, there will be changes in goals or objectives. This approach may cause the project to exceed the budget.

To mitigate budget risks, it’s better to make product decisions when the decision-makers are in the best position to do so and not earlier. They don’t have to make a detailed plan at the beginning of the project either. The progression of the product will provide them with information to make actionable decisions that do not waste time and resources. A budgeting plan that complements this approach would further reduce budget risks.

Employee risks

A company always stands a risk of losing project team members while development is underway. This can potentially delay the project. The company should always be prepared for an absent project team member. A good approach to mitigating this risk is to co-locate the project team as squads. This way the team will be able to plan together, share knowledge, overcome obstacles, and complete code reviews. The development would be seamless without knowledge silos.

Productivity risks

These type of risks are common in projects with long-term goals and deadlines. The main cause for this risk is employees slacking off due to the lack of immediacy. This risk can be avoided if the Agile environment is centered on sprints to deliver demo versions of the software within a preset timeframe.

The sprints emphasize actionable goals to the team adding a sense of immediacy. Fostering a culture where completing sprints will be considered as a good achievement is also a great approach as it helps maintain development agility.

Time risks

These risks are the result of delays in development due to various factors such as poor planning, poor adaptability, impractical deadlines etc. Lack of flexibility in development processes is one of the more common causes of time risks.

It is up to the project managers to encourage and ensure flexibility in development so the team can adapt to changing requirements better. The team should also assess the project velocity periodically and employ an optimal time management strategy during development.

Conclusion

Software development companies with years of experience in software development are aware of the risks involved, and how they can be avoided without compromising the integrity of product development. Practices like sprints, co-location, sufficient planning etc. can help the team minimize risks considerably.

This blog also explains how AOT handles project risks. We have never failed our clients when it comes to product quality and timely delivery. Feel free to drop us a message to learn more about our skillsets and expertise.

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