Agile Development-Cost Matrix

The Agile Development-Cost Matrix is a 2x2 matrix that helps project managers and stakeholders make decisions about the cost and timeline of a project, based on the level of agility required.

At a very high level, the Agile Development-Cost Matrix is used in the context of business, project management.

Agile Development-Cost Matrix quadrant descriptions, including examples
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What is the Agile Development-Cost Matrix?

A visual explanation is shown in the image above. The Agile Development-Cost Matrix can be described as a matrix with the following quadrants:

  1. High Agility, Low Cost: Projects in this quadrant require high agility and can be completed with low cost, such as a simple website.
  2. High Agility, High Cost: Projects in this quadrant require high agility and high cost, such as a complex web application.
  3. Low Agility, Low Cost: Projects in this quadrant require low agility and can be completed with low cost, such as a brochure.
  4. Low Agility, High Cost: Projects in this quadrant require low agility and high cost, such as a large-scale software development project.

What is the purpose of the Agile Development-Cost Matrix?

The Agile Development-Cost Matrix is a 2x2 matrix that helps project managers and stakeholders make decisions about the cost and timeline of a project, based on the level of agility required. The matrix is divided into four quadrants, each representing a different combination of cost and agility. The top-left quadrant represents projects with high agility and low cost, while the bottom-right quadrant represents projects with low agility and high cost.

The Agile Development-Cost Matrix is a useful tool for project managers and stakeholders to quickly assess the cost and timeline of a project. It can help them decide which projects to prioritize, and which projects to delay or even abandon. It can also help them identify which projects require more resources and which projects can be completed with fewer resources.


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What templates are related to Agile Development-Cost Matrix?

The following templates can also be categorized as business, project management and are therefore related to Agile Development-Cost Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, PICK Matrix, Quadrant Analysis, Risk Analysis Matrix. You can browse them using the menu above.

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