There are clear short-term benefits in switching to agile.  As costs rise and no deliverables are produced, failing projects often fall under the critical eye of top-level management.  A switch to agile allows a project to start producing recognizable results in the short term.  This will help to raise the falling opinion and remind the organization of the initial perceived value of the project. 

With the Enterprise in mind, Exactly Agile is focused on providing tooling and solutions to define, execute, test and deploy those requirements that were once considered as unfit for an Agile organization.

Long-term benefits include increased project awareness for new team members, restored confidence in the original project concept, and the inclusion of clear and present business critical design requirements that were not evident at the project inception and thus fell out of scope.

While waterfall projects fail for many reasons, there is a direct correlation between failed projects and overall project timescale. New team members may not understand the original project or may have never been fully integrated when coming on-board. After a certain period of time, even the original team members have difficulty maintaining a clear view of project goals, no matter how well they were articulated at the onset of the project. Switching a failing project from a waterfall-based form of project management to agile methods gives organizations the opportunity to review project goals, analyze past performance, and refresh the project team’s understanding.