However, the growing popularity of Agile practices begs the question of whether they can be applied to the development of tangible physical products and services too?
In Engineering, the product development lifecycle is linear and goes through several well-defined, sequential steps.
From here, the Agile engineering lifecycle proceeds by developing an MVP (Minimum Viable Product) where only the most viable ingredients of the product are built.
Those are examples of iterative cycles that help engineering companies deliver early value and get fast feedback from the market.
Moreover, they allow them to realize some quick financial returns sooner instead of having to wait until the entire product is developed and validated.
Engineering teams can map their workflows from start to finish. As a result, they will be able to spot bottlenecks and unveil any wasteful activities that are slowing down the work process.
This results in a smoother workflow that keeps cycle time metrics low and throughput levels high.
cycle time metrics — word schedule/task completion time/ time measurement
throughput — efficiency/rate of production/ material flow
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