Abstract
With emerging unknown territories in various industries, the utilization of agile methodologies has become a revolution in product development due to reasons that shall be discussed in the research work while being a flexible and collaborative approach to managing change in projects that focus on satisfying the ever-changing needs of the customers. Derived from the Agile Manifesto, these approaches can be flexitive and made with focus on the progress in iterations, and active involvement of all the stakeholders instead of following strict structures and process frameworks. The paper examines why frameworks like Scrum and Kanban, as well as Lean, help to improve product development productivity by reducing time-to-market and increasing product quality and staff cohesion. It is now clear that through creating work in small, comprehensible chunks and frequent collaboration, Agile method enables the teams to control the change, allocate resources more efficiently, and mitigate the level of waste.