Scrum

Scrum is an iterative incremental framework for managing complex work (such as new product development),it is commonly used with agile software development and extreme programming (XP), this methodology was developed by Ken Schwaber and Jeff Sutherland in the mid-1990s.

A key principle of Scrum is that it provides the customer with the option to change their minds during a project about what they want and need (this is sometimes called requirements churn).Scrum adopts an practical approach; accepting that the problem can not be fully understood or defined,instead focusing on maximizing the team's ability to deliver quickly and respond to new requirements.

Whats in it for you?

• Potentially shippable Product delivery after every 2 weeks or 4 weeks.
• Customers can ensure that what they were expecting is what they are getting by monitoring the progress frequently.
• Customer need not to risk for committing and paying the funds without looking at actual progress of the delivery.
• Customer gets most beneficial work first, Customer can start using the prioritized functionalities which creates business value.
• Customers can determine the product cost based on the progress and during the development.
• Allows Continual Inspection, adaptation, Self organization, and emergence of innovation.
• Customers can set development Priorities at the beginning of every sprint.
• As Customers are involved frequent reviews which updates them about the progress, good or bad.

Follow the links to read more

Scrum Alliance -What Is Scrum?
Scrum (development)- Wikipedia