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Importance of Agile Methodology in Banking

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Importance of Agile Methodology in Banking

The Agile technique divides a project into many parts and uses these phases to manage the project. Continuous improvement at every stage and ongoing collaboration with stakeholders are required. Teams cycle through a process of planning, carrying out, and assessing once the job starts. Collaboration between team members and project stakeholders must always be ongoing.

Overview of Agile methodologies

When it was written in 2001, the Agile Manifesto of Software Development proposed a revolutionary way of thinking about providing value and interacting with clients. The four core values of agile are:

  • Persons and interactions, rather than procedures and tools
  • Functional software above thorough documentation
  • Consumer involvement during contract negotiations
  • Adapting to change versus sticking to a plan

Agile project management

What then is the Agile project management methodology? It is a method for project management that entails ongoing communication and iterative development. Agile project management is based on the idea that a project may be improved upon continually throughout its life cycle with changes being made swiftly and appropriately.

Agile project management is among the most widely used methods because of its adaptability, flexibility, and emphasis on client feedback.
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