Agile is a mindset that has emerged in response to an increasingly complex world where the traditional Waterfall model and other management techniques can no longer cope.
Agile methodology is the ability to change the way for new opportunities and adapt to new conditions.
There is agility in OKR’s DNA. OKR, which is an agile approach, focuses on priorities so that you can create values in a short period.
In today’s digital world, there are tools and techniques to increase business value. Agile methodology is one of the most recognized and accepted opportunities. It helps the team progress step by step.
Agile overcomes the challenges that the traditional waterfall approach faces. Therefore, it reduces the failure percentage.
The Benefits of Using Agile Methodology
According to the statistics about Agile methodology, many Fortune 500 companies embraced the Agile approach. Besides world-leading tech companies like IBM, Microsoft, and Cisco, from finance to manufacturing, Agile can be involved in many industries. The agile approach brings together cooperation, quick action, and feedback culture.
It is the solution for organizations to meet their needs in the digital world.
- Focuses on the Business Value
By involving the customers in the development process, Agile focuses on ensuring the business value.
- Eliminates Rework
Involving customers in all phases of product development will help stay in tune with customer requirements. By doing this, you spend less time on customer revisions.
Agile methodology provides stakeholders/customers with every step of the development process and tracking work progress.
Agile methodology, unlike the waterfall model, allows for change.
- Enhanced Customer Satisfaction
Agile methodology keeps customers in the cycle and makes changes based on feedback.
Before the pandemic, 93% of business units that fully adopted Agile models outperformed non-adopted businesses. – McKinsey & Company, 2020
How Agile is related to OKR?
The numbers show 60% to 90% failure rates in strategy execution. The gap between an organizational vision and its success requires a complementary approach to align teams and individuals towards the same goal.
Agile processes for project management represent team-level tools and working methods embraced. On the other hand, OKRs represent the value results we aim to achieve and set our direction. The coexistence of the two philosophies allows for aligning the business with the company’s mission, increasing employee engagement and a greater focus on goals.