Agile Budgeting
Agile Budgeting is a financial planning approach that adapts traditional budgeting processes to align with agile methodologies, emphasizing flexibility, iterative funding, and value-driven allocation of resources. It involves techniques like rolling forecasts, value stream funding, and dynamic resource allocation to support continuous delivery and rapid adaptation to changing business needs. This approach is commonly used in software development and product management to reduce waste, improve responsiveness, and enhance financial transparency.
Developers should learn Agile Budgeting when working in agile environments, such as Scrum or Kanban teams, to better understand how financial constraints impact project scope, timelines, and resource allocation, enabling more effective collaboration with stakeholders. It is particularly useful in startups, tech companies, or organizations undergoing digital transformation, where traditional annual budgets can hinder innovation and adaptability. By mastering this skill, developers can contribute to cost-effective decision-making, prioritize high-value features, and advocate for sustainable funding models that support iterative development.