Agile Project Management is one of the buzz words for the past few years. It’s based on the success in agile (software) development and lean management in general. But, does it actually work?
Agile is usually used as a synonym for scrum. You have 5 or so team members in a room or around a whiteboard and discuss / agree on the next deliverable. The standard is 2 or 3 weeks for such a sprint and the effort involved is measured in story points. Assuming you know the amount of story points in the project you can measure how fast you go and depending on the success rate (eg completing the stories in a sprint) the project manager can easily tell if the project is on time. ideally the reports tell the PM much more. He can see which area the shortfall is and mitigate the problem with a targeted approach. During a sprint the team gets together regularly for a short standup and inform each other on progress or hold ups. This allows early intervention. At the end of a sprint the team gets together including the customer and show the deliverable. This also allows early detection if the customer is satisfied and the team delivered on expectations.