Explain the Agile methodology and its advantages.
Answer:
The Agile methodology is iterative and incremental, allowing phases to overlap and repeat. It follows a cycle of:
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Plan
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Design
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Develop
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Test
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Release
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Feedback
Work is delivered in short sprints (usually 1–2 weeks), each with defined deliverables.
Advantages of Agile:
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Supports changing and evolving requirements
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Faster feedback from users
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Early delivery of usable functionality
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Well-suited for user-driven projects
Challenges:
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Requires strong communication
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Harder to track due to reprioritization
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Works best when the team is fully dedicated and closely coordinated
Agile is commonly used in modern Finance and Operations implementations.
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