What does Agile Project Management have in common with free market economics? Driving a free market economic model is all about rolling back state intervention, and providing a framework for enterprise. Businesses will survive and flourish if they are servicing market demand. Some businesses will fail if they are not serving customer needs. This is often likened to Darwinism, where only the fittest, most adaptable businesses survive. Those that do not make it, only contribute to the greater good, as they are removed from the “gene pool”, and do not drain valuable resources.
Creating an Agile Project Management ecosystem in your organisation is about devolving power, and trust to enterprising delivery teams. Its about rolling back the state and reducing non value adding governance processes, that will slow teams down. Its about having teams that constantly test the market with regular on-going feedback loops with project customers, to see if they are developing what they want, and if not, adapt accordingly. Its about having teams that constantly review and continuously improve on the delivery model, to get better and better at servicing Project customers.
Introducing an Agile Project Management ecosystem into your organisation, similar to the free market economy, will build a framework that will mean your business can adapt, survive and ultimately be a success. What does Agile Project Management have in common with free market economics?