Project Management Institute

The incredible shrinking team

Worldwide, companies are responding to the volatility shaping the current economy by reducing their investments in projects. As a result, project teams are increasingly smaller and increasingly working with smaller budgets. This article discusses the merits and advantages of using the agile approach when managing projects. In doing so, it describes how budget cut-backs are driving companies to rethink their approaches to managing projects, which includes adopting new tools and techniques. It explains the advantages and the function of using the agile approach, noting the demands that the agile approach puts on project teams. It also looks at the non-financial advantages (i.e., efficient performance, direct communications) of using the agile approach. It then details the challenges project managers face in using the agile approach, focusing on those challenges related to delegating responsibility, identifying under-performers, and empowering agile teams. Accompanying this article are two sidebars: The first ex
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