Throw Away Your Steering Committees!
The National Australia Bank (NAB) has recently thrown Steering Committees in the garbage and taken on a more Agile approach to product development. Australian CIOs advocating the Agile software development model have embraced a “behind the scenes” management role to facilitate faster, more flexible teams. Projects no longer involved steering committees and those C-level representatives find them a “a waste of time.”
Rob Thomsett, currently a consultant to the National Australia Bank (NAB), said the bank had adopted Management 2.0 (Management 3.0 anyone?) principles in an effort to reduce bureaucracy and improve speed to market.
“These [executives] want things to happen faster; they want to be successful, they want to trust people… Being first to market in the banking sector is a really important thing … Some of the new products that these banks are working on will blow your socks off.”- Rob Thomsett
While banking technology lasted an average of four years in the 1960s, 70s, and 80s, contemporary organisations were deploying new products in under three months, Thomsett goes on to say.
So if banks can do it… can the financial, health care, and insurance industries of America utilize Agile too? Is there no area of the world where Agile isn’t taking a hold?What can stop this undeniable force of nature that is Agile?
Stop the madness! AGHHHHH!!!