It’s not new to hear that 80% of products do not perform as they were designed and into the market. A significant number of projects in nearly all industries tend to go over budget and time estimates.
One of the reasons for project failures is the methodologies organizations follow to capture requirements and plan their operations. It is well documented that the traditional waterfall model – based on sequential processes – does not work.
Scrum is a new method of accomplishing more results in less time. The two distinguishing characters of Scrum are: it is organized around small teams (usually about 5 members) and is based on what is known as sprint, “a short, sustainable burst of activity with plenty of time for review and reflection built in.”
The key highlights of Scrum are team collaboration; focus on delivering potentially shippable product or product features; daily review/standup meetings to check the progress regularly; and stakeholder interaction that ensures that developers and customers are on the same page when every product feature gets added or project milestone/goal get achieved.