Agile is one of the project management methodologies. Agile means "able to move quickly and easily" in plain English. When we follow Agile in project management, we move quickly to any changes and we adapt to the changes instead of resisting. This approach is very different from traditional project management also known as "Waterfall".
Waterfall approach worked ok for many decades. I have used Waterfall when I worked in Bank of America, Wells Fargo and other banking institutions. There is nothing wrong with Waterfall approach. It just doesn't work as effectively as Agile when it comes to software development projects. Software project requirements are always changing due to marketplace conditions and dynamics in the competition landscape. It's better to adapt to these changes to reduce the time to market. Agile also provides us the capability to release our product in increments. Agile also helps us to reduce software development costs and to increase productivity. This is why all tech companies got Agile fever!
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