7 Ways Agile Project Management Can Help Your Startup Grow Faster - Deepstash

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What is Agile Project Management?

What is Agile Project Management?

Agile project management is a methodology that uses short development cycles called “sprints” to focus on continuous improvement in the development of a product or service.

This new way of managing projects that grew out of Agile software development has become the standard and for very good reasons.

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Launching Your Product

One of the tenets of Agile software development is to get a working piece of software out the door as early as possible and then see how it behaves, how people use it, what should be changed, how to build on it, and so on.

Startups have generally adopted the concept of using a minimum viable product (MVP), but oftentimes, startups still fail to do this properly. This is where Agile project management comes in.

Agile project management employs various mechanisms and practices which encourage a rapid product release and prepares your startup for moving forward

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Constantly Improving Your Product

Agile provides you with an empirical way of identifying how to best add value to your product and constantly improve upon it.

 This includes determining what to build next and how to weigh the costs of doing it against the estimated benefits, as well as better estimates on how long it will take to make those improvements.

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Emphasizing Communication

Communication is one of the core ideas of Agile software development and it was embraced fully by Agile project management.

  • For one, Agile project management will encourage internal communication within the team. This is done through different meetings that all serve very specific purposes and reduce the need for additional meetings.
  • It is crucial to understand that Agile project management also puts great emphasis on external communication. This entails getting feedback from users and ensuring the product is truly valuable.

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Becoming More Adaptable

Agile accepts change. In fact, it welcomes it. In the startup world, this is a huge thing since it is an ecosystem that is constantly changing.

Thanks to the short iterations in which Agile project management handles projects and products, you will be able to react more quickly if the market changes or if you find out that your existing product is falling behind the competition

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Building Strong Teams

Agile teams are not managed in the traditional sense of the word. They are self-organized teams that operate as a unit in order to add value to the product and the organization as a whole. They decide on the best way to get the work done and they take full responsibility for their results.

In addition to this, good Agile project management will also have certain mechanisms in place that encourage the team to actively look for ways to improve as a unit.

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Avoiding Burnout

One of the main goals of Agile software development is to establish a sustainable way to deliver working software in short iterations.

  • You should have a rough roadmap that will provide guidance for your startup’s growth. By truly thinking this through, you will avoid situations where you set unrealistic goals for your team because you skipped a step somewhere.
  • You should strive to set sensible goals for your team, with timeframes that will not require 20-hour days.

Of course, there may be times where your team will have to put in extra hours, but it should not become a habit.

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Reducing Waste

Startups usually operate on very tight budgets, especially in the early days. This goes both for money that is available and, sometimes even more importantly, for the work that your startup’s small team can handle.

In such a situation, investing in large, time-consuming initiatives can become spectacularly wasteful, resulting in all kinds of negative outcomes, including having to close shop.

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“Efficiency is doing better that what is already being done.” Peter Drucker

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