Published Paper Details:

The pressure to be first to market with a new product has accelerated the development process. Today's process models require agility, defined as the ability to operate in real time and to adapt quickly to changing requirements and conditions. Further, the global, distributed nature of many projects-often developed now over the Internet and intranets-demands flexible, integrated tools. The necessity for agility has been with some businesses for several years, but it is turning out to be an significant factor for businesses thesesdays. Collaboration is the most efficient strategy for entering markets, as it gives numerous benefits such as a quick return on investment, lower initial infrastructure costs, sharing of expertise, knowledge of industry best practices, and, most significantly, quick access to future markets. Business agility refers to a company's or organization's capacity to produce revenue by recognizing changes in the marketplace, understanding prospects. As a result, participatingfirms drive play a part and achieve competitive gain over their rivals.