Benefits Of Agile Development Methodology In Product Development Process

Benefits Of Agile Development Methodology In Product Development Process—Infographic

1. Speed To Market

It is improved by 18-20%.

Drivers:

• Early error detection
• Early error fixtures
• Better communication

2. Flexibility

It makes the Agile process 37% faster.

Drivers:

• Enough space for continuous change
• Open communication
• Customer collaboration

3. Risk Management

Agile is 42% of the times successful with a failure probability of 8%.

Drivers:

• Faster bug detection and fixture
• Less up-front expense
• Client involvement

4. Cost Control

It reduces by 7-29%.

Drivers:

• Early and continuous delivery
• Early cost estimations

5. High Quality

Significant decrease in defect detection rates.

Drivers:

• Clear requirements
• Continuous integration and testing

6. Productivity

Agile tends to be 25% more productive.

Drivers:

• Prioritized user stories
• Realistic and shorter goals
• Better time management