How Scrum reduce cost and develop quality product? – Scrum is the most common framework in Agile methodology. Scrum is based on empiricism, the artifacts are transparent to all stakeholders, all roles are empowered to do their job right, and the meetings allow collaboration and opportunities for inspection and adaptation. In Scrum, the process is constantly adjusted, if required, based on the short and continuous feedback loops. It follows pre-defined steps to achieve the end product and it best suited for Simple and Complication problem domains. It works well when the output is well defined, as it will produce the same result when it is used.
As it is based on past experience so addition or changes to the process continues which helps in making the next or existing product better in quality, feasibility and cost wise.
As it welcomes the changes at any point while the product is developing there is no need to spent time again to go through the same process of eliciting the requirement. The whole project is divided into the same chunks named as sprint and the sprint are set as per the priority or requirement by the product owner. There are several small teams working the same project so in case if a change is requested it can be conveyed to the concerned team who is working on that part. And subsequently, the changes are incorporated with another part of the product so there is no need for rework.
As the product is developed on the basis of past experience it improves the quality of the product and new learning from the existing product are incorporated to make the next product better.
This is how scrum reduce cost and develop quality product.