APPLICATION OF AGILE METHODS AND THEIR IMPACT ON THE ECONOMY OF THE SECTOR (ON THE EXAMPLE OF IBA)

Abstract

In general, this study aims to understand the impact of Agile approaches on financial performance among different businesses with IBA as a reference. The study combines a set of quantitate and qualitative methods to evaluate in systematic manner the impacts resulting from an introduction Agile ideas, viz sporadic productivity improvement, cost cutting changes as well acceleration processes management within organization. Between these indications the results are assessed in this research and demonstrate that there is great value to be obtained from organizations wishing to apply Agile techniques in improving both manufacturing and service sectors. Agile methods had positively influenced decision-making in IBA's operational environments to a certain extent, improved project cycle time and increased resource efficiency as evidenced from the results of that study. It is despite this importance that individual sectoral adaptation mechanisms have been developed upon a detailed examination of its macroeconomic consequences. This shows that Agile can be used not only in the IT sector, but also across business as a whole.