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Why Agile Project Management is better than Traditional Project Management Approach?

b2ap3_thumbnail_agile_methodology_overview.png Last updated on: 02/05/2017 Agile Project Management Methodology has emerged as a great alternative to traditional project management methodology, like Waterfall. Agile is predominant in IT and software projects since it allows to adapt to rapidly changing business environments. Unlike traditional project management, Agile calls for producing and delivering work in short bursts, also called sprints. Gathering all the requirements before the development team even starts writing the code puts your software at a great risk of being not in line with current market demands and become a failure. When you decide what your product should be in the very beginning, you tend to ignore important iterations that must be made during the development lifecycle, thereby preventing your final product from being the right fit for the market. A plethora of project management methodologies are available in tech market, however, for the success and timely completion of a project, it’s...
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Lean Start-up – Lean Product Development for Start-Ups

Lean Start-up – Lean Product Development for Start-Ups
 Most Technology Start-ups take the following conventional approach in their endeavour to start a successful business :  - prepare an elaborate business plan - pitch it to investors - build a team - develop and introduce a product - sell the product Research shows that 3 out of 4 start-ups end up failing in their endeavour somewhere along this path. In most cases, further the stage of the failure from the point of inception, higher is the cost of failure.   The alternative Lean approach for Product Development by Start-ups is essentially based on the following philosophy : - build a 'minimum viable product' based on continuous 'customer development'  In the Lean Start-up model the founders do not begin with a business plan, instead they begin with the search for a business model. In this approach, multiple quick iterations of experimentation and feedback are conducted which result in a business model that is executable. This will typically follow the...
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