Adopting agile business practices can boost your revenue and profit growth by as much as 60%, Harvard Business Review reports.
Specifically, agile practices can improve team communication and collaboration (poor communication and collaboration between teams are blamed for project failures by 86% of employees and executives). Prioritizing tasks, scrum meetings, and sprint retrospectives are some key ways you can bring agile practices to your business.
Prioritizing tasks is essential for increasing the alignment and focus of your team and the success rate of your projects.
Using time tracking and resource management software is an easy way to construct project plans and prioritize tasks according to urgency. Journyx Time Tracking Software, for example, lets you easily manage project schedules by checking which employees are working on which projects if the projects are on schedule, and project profitability — in real-time and all in one place.
As a result, you can make better business decisions, increase your project success rates, improve team productivity, and foster an important execution mindset and culture.
Strong communication between team members is essential for business agility. Holding a daily scrum meeting every morning is an easy way to strengthen communication and project collaboration.
In this meeting, team members can discuss: what they did yesterday; what they intend to do today; and if there are any obstacles that need eliminating. Ideally, these meetings should be short (15 minutes maximum).
Team members can therefore freely share information with one another, so everyone’s kept up to date with project progress. As a result, employee productivity, morale, and loyalty will improve.
Finishing up every project with a sprint retrospective can help your team improve their performance on the next project. A sprint retrospective is essentially a meeting that allows your teams to discuss: what was successful about the finished project; what was unsuccessful; and aspects that should be improved upon.
It’s a great opportunity for your team to highlight wins, as well as learn from mistakes, so they’re improved upon and not repeated. Rather than aiming for perfection, agile businesses prioritize learning and know every obstacle or mistake ensures a better outcome next time.
Becoming an agile business is bound to improve communication and collaboration between your teams. With these tips, you can better set your business up for success.