Agile methodology is a type of project management that enables teams to develop and deliver software, products or services iteratively and incrementally through collaboration between self-organising, cross-functional teams. It focuses on delivering value quickly by breaking tasks into smaller chunks that can be completed in shorter time frames. This enables faster results without sacrificing quality.
The core principles of the Agile methodology are flexibility, adaptability, customer satisfaction, collaboration between team members, open communication channels throughout the development process, continuous improvement through feedback loops from customers/stakeholders/teams etc., and rapid response to changing circumstances or market trends. This involves breaking the project into manageable chunks (called sprints), which are reviewed at the end of each sprint cycle so that changes can be made quickly if necessary. The aim is to ensure that the final product meets customer requirements within budget.
The agile methodology encourages teamwork between all stakeholders to ensure better results in less time. It also emphasises continuous learning by establishing feedback loops with stakeholders so that changes can be made as needed during development. Teams also hold regular retrospectives to review what went well in previous iterations and what could have been done better so that future iterations can be improved.
Agile methodology has become one of the most popular ways of developing software projects because of its focus on delivering value quickly without sacrificing quality or going over budget. It has been used successfully in many different industries, such as healthcare IT systems, financial application development projects, etc., making it a good choice for those who need to achieve quick results with minimal risk.