What is Agile Product Development?

Agile Product Development Definition

Agile product development is the strategy of leveraging digital technologies (e.g., the Cloud) and iterative design methods to help minimize risks and respond rapidly to change throughout the new product development process. Many companies adopt cloud-native product lifecycle management (PLM) and quality management system (QMS) solutions to facilitate real-time, frequent collaboration across internal teams and external partners. This keeps everyone in on the same page and on track with meeting key deliverables. Teams also gain greater visibility and can respond quickly to design errors, part shortages, and other issues that impact the final product release.

By dividing the product development process into short iterations or sprints, cross-functional teams can evaluate different requirements and optimize the design through continuous feedback. Ultimately, companies deliver products faster and reduce costs, while providing more value to customers. Although this iterative approach is traditionally associated with software, it can also apply to other aspects of product development including hardware design.


What is an example of Agile Product Development?

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Why Agile is good for product development?

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What are 3 Agile practices?

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Is agile important for product management?

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The Cost

Delivering new products to market is challenging. And It is difficult to see the cost impact of one or more mistakes.

Try our calculator to estimate the impact on your business. Input your business details, select a challenge, and see the real-world cost impact as validated by our customers.