Abstract
The agile approach is a timeboxing approach wherein the entire project is broken down into smaller tasks of user stories that iterate continuously to improve from feedback obtained frequently. Agile methodology in the right blend of its values and principles can be used in a dynamic environment to manage cross-functional teams for faster and effective decision-making. Flexibility is of prime importance in the agile approach which helps organizations to thrive in rapidly emerging market conditions. The timeliness and cost-effectiveness provided by the agile methodology give a competitive edge to the organizations employing it. Fast-evolving consumer trends and market needs were contrasted by lengthier project timelines of other traditional methodologies. This created the need for methods that provide faster outputs at their fullest potential for the organizations to retain their customers and position in the market which motivated this research. Yet, a huge research gap exists in the area concerning the development of agile methods. This article aimed to provide a deeper understanding of how agile can be used to solve the complexities of the current day market conditions along with its widespread applications in various industries through a systematic literature review of past research work. Further, this review also aims at explaining the impediments of adopting agile methodology in any sort of organization under any given circumstances. During the study, it was found that there were several definitions and frameworks of agile that have been proposed in different forms. This review has tried to provide a consolidated concept of the agile approach presented to date.
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