Which approach is characterized by flexibility and faster value delivery in product development?

The approach characterized by flexibility and faster value delivery in product development is Agile Development. Agile methodology emphasizes iterative progress through small, incremental changes, allowing teams to adapt quickly to changing requirements and feedback. This responsiveness is essential in today’s fast-paced market, where customer needs can evolve rapidly.

Agile teams work in short cycles or sprints, delivering functional increments of the product regularly. This not only helps ensure that customer feedback can be integrated continuously but also facilitates frequent reassessment of priorities and project direction. As a result, Agile leads to faster releases and the ability to pivot when necessary, making it a popular choice for startups and companies seeking to innovate rapidly.

In contrast, traditional development methods often follow a linear, sequential approach, which can be inflexible and slower in delivering value, as it typically requires comprehensive planning and documentation before work begins. Predictive development also adheres to a fixed plan, which can limit adaptability. Streamlined development might imply efficiency but does not capture the inherent iterative nature that defines Agile practices.