Developing a new product is always challenging, however to get market to approve your product, is the most hardest part of the plan.
It’s not something new whereby companies are looking into more possible innovations to develop a new product that would be a ‘Wow’ factor to the market. Although with all the research and theories, organization still struggle to make the best new product after their previous launch. This is whereby Agile and Lean world comes along as it focuses on high interaction with customers to obtain their feedback and the ability of an organization to change accordingly.
So, what are the perks of implementing agile in an organization? This process gives the team an opportunity to quickly adapt to changes as customer’s feedback comes along.
Make Right Changes Along The Journey
Although every project begins with a successful objective in mind, it doesn’t always work out that way. However, in Agile frameworks, there aren’t any theories or assumptions that was analysed before any project takes place. It’s more of learning along the way and changing the necessaries to your product. With this, companies no longer need to spend the extra budget and time to wait for a new launch while Agile can produce applications incrementally and this way business can experience a ROI almost immediately.
Stepping Foot In The Market Quickly
Agile frameworks emphasize the Minimum Viable Product (MVP) and the Minimal Marketable Product (MMP). These are 2 LEAN Concepts that allow a small and safe investment that can be quickly delivered.
The MVP serves as a beta testing concept and a learning mechanism. For example, releasing a beta tester to the market and see the respond to it. This will allow organizations to understand if the product is worth to be launch. As for the MMP, it acts as a versioned software. It only holds a bare minimum of features that users required at the start, and gradually, organizations can opt to expand the features.
By lowering the risk, embracing change and faster time to market, businesses are able to save cost by developing a proper product for the market instead of the product from assumptions and theories that go to waste. This involves a highly productive teams who feel completely engaged in an addition to the Agile way of working and developing products.
|1.||Agile Scrum Product Owner|
|2.||Agile Scrum Master|
|3.||Agile Project Management Foundation|
|4.||Agile Project Management Practitioner|
|5.||PRINCE2 Agile Foundation|