This comprehensive review paper delves into the application and impact of Agile methodologies in the realm of project management. Agile methodologies, initially rooted in software development, have gained widespread acceptance across various industries due to their flexibility, adaptability, and customer-centric approach. The primary objective of this review is to synthesize the current body of knowledge on Agile methodologies, highlighting their evolution, principles, and diverse applications in project management. The methodology of this review involves a systematic analysis of existing literature, encompassing peer-reviewed journals, industry reports, and case studies. This approach ensures a holistic understanding of Agile methodologies, encompassing both theoretical frameworks and practical implementations. The review categorizes Agile methodologies, such as Scrum, Kanban, and Lean, and examines their unique features and contexts of application. Key findings indicate that agile methodologies significantly enhance project performance, particularly in dynamic and uncertain environments. They foster greater collaboration, continuous improvement, and customer satisfaction. However, challenges such as resistance to change, lack of skilled personnel, and difficulties in scaling Agile practices are also identified. The review concludes that while Agile methodologies offer substantial benefits in project management, their successful implementation requires a cultural shift within organizations, adequate training, and a nuanced understanding of when and how to apply these methodologies. Future research directions include exploring the integration of Agile with traditional project management approaches and its impact on organizational performance in various sectors.
Keywords: Agile Methodologies, Project Management, Industry Adaptation, Scalability, Technological Advancements, Global Economic Shifts, Artificial Intelligence (AI).