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The authors of “Manifesto for Agile Software Development” wrote that agile methodology values:Īlthough there are many branches or subsets of agile methodology, for example, Lean and Kanban software development, dynamic systems development method, or feature-driven development, scrum is one of the most popular branches of agile methodology and is widely regarded as one of the approaches most easily adaptable to projects other than software development.Īccording to Ken Schwaber and Jeff Sutherland, the authors of The Scrum Guide, scrum is “a framework within which people can address complex adaptive problems, while productively and creatively delivering products of the highest possible value.” As the scrum framework is founded on empiricism, it’s upheld by three pillars: transparency, inspection, and adaptation. This people-centric, results-oriented approach to software development has become increasingly popular in recent years and has proven adaptable for business teams delivering products or projects of any type. These attributes, when paired with advancing technologies, position finance to streamline day-to-day tasks, accelerate project delivery, bolster the quality and relevance of analytical results, and foster innovation and inclusion among staff.Īgile methodology is a software development life cycle that focuses on iterative, incremental delivery by self-organizing, cross-functional teams. Empowered, capable, multidisciplinary teams.Quick, responsible adaptation to change.Frequent inspection to ensure fit-for-purpose insights.Transparent, accessible data and metrics.The agile finance function creates value through the following characteristics: Teams reap even greater benefits by leveraging a branch of agile, the scrum framework, as it enables teams to employ techniques that make implementing agile even easier.Īs the finance and accounting profession progresses along its transformation journey from data stewardship to value creation and decision support, the need for the agile finance function has emerged.
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This involves going beyond traditional project management practices to adapt a popular software development approach-agile methodology-to their business processes. To keep up in a climate of increased data accessibility and rapid change, business leaders, including many CFOs and controllers, are nurturing an agile culture.