Benefits of scrum &Agile Development

Do you know what Scrum is?

Scrum is such a framework in project management that is widely used for the purpose of developing, delivering, and sustaining different products in complex circumstances. Although, Scrum’s main focus or emphasis in on software development, yet it is widely used in many other fields like marketing, sales, and many other advanced technologies.

Do you know what Agile is?

Now if we talk about agile then it is known to be an iterative approach in project management and software development. It is used to enable teams to deliver value to their customers not only faster but also in the most effective possible manner. Instead of making a big launch, agile believes on delivering work in small yet consumable increments. This enables them to have a natural mechanism where they get to respond the change immediately.

Some statistics about Agile & Scrum:

Below you can find some interesting statistics relevant to scrum/agile.

• It was found out there were 93% of the business units who tend to perform well after adopting to the agile model entirely as compared to those who didn’t.
• 84% of the agile teams are still in favor of using Scrum as their main approach.
• Similarly, 41% of the marketers are using agile and further 41% are planning to adopt this methodology.
• In the year 2001, the agile movement started within software development.

Now let us discuss benefits of using both methodologies:

There is no doubt over the fact how famous agile is becoming. In order for the team to deliver value on time, the IT project management is in dire need of agile methodology. Scrum framework is known to be the most common agile approach and today in this article, we are going to talk about some of the benefits of scrum/agile development methodology.

Generates revenue quickly:

Scrum offers so much ease by developing new features in short sprints. Now how can this generate revenue quickly? Well, upon completing each sprint in less time, we get a piece of potentially usable increment of the product. This allows the product to be potentially released earlier than designated which then enables all the benefits to be released earlier. Had a decision be made to wait for the entire product to be completed before the release, none of the benefits would have been enjoyed.

Leads to cost control:

As with the agile methodology, there is always a set requirements and fixed budget. Now with this fixed requirements, there would also be a fixed budget right? It is true that the product and the features can be variable but as we keep on completing each sprint, we can easily measure the real cost of the development phase. And this can help us get a more accurate view of the entire cost which can then be implemented in future development activities.

Less risky:

When the team manages to make complete increments of working product and presents it to the product owner and stakeholders in regular intervals, the team then gets an idea whether the product owner or stakeholders are satisfied or not. Or whether they want to make some changes in future. Also the scrum team is able to understand all the involved risks in early stages and can then respond according to it. Decisions are then made based on this transparency and can help the team to take suitable action. So this is how the risk of something might go wrong can be reduced.

Offers increased flexibility:

By increased flexibility we mean the team working in smaller bursts and getting immediate feedback on whatever they are doing and can make changes accordingly. This can only happen when agile is implemented to its full.

Leads to customer satisfaction:

As the agile methodology involves the continuous involvement of the stakeholder, there is greater customer retention. When you keep the customer in loop and he has the freedom to ask for any change he likes, the team is able to deliver value to the customer and this leads to happy clients.

Makes working experience more enjoyable:

In the scrum team, there is an active involvement of the entire team where everyone gets to have a say in what they do and participate equally. This gives the team members a feeling of being valued. When people think they are being valued and their opinion matters, this is when they start to enjoy what they do. And this ultimately improves the quality of the work they do. So it is a win-win situation for everyone.

First to market:

Studies suggest that 80% of the market leaders are always first to market. The agile development always supports this practice of early releases and thus it generates higher revenue from increment delivery.

High-quality product is released:

The main intention behind the agile approach is to release a high-quality product. And that is why testing takes place regularly in every sprint. To make sure the product has no issues, regular inspection of the working product also takes place. The more it develops the more strict testing takes place. The most obvious benefit of this practice is early visibility of any issues in the quality is highlighted and adjustments are then made accordingly.

Conclusion:

From the above you can clearly understand the benefits that can be enjoyed by implementing an agile/scrum approach. So, all you have to do is read this article in detail and then understand the benefits of scrum/agile development methodology. And don’t forget to stay safe, stay home, and never stop learning.