Large Financial institutions typically wish to closely track cost, especially in an industry with a high IT spend and immovable deadlines. The adoption of agile within these organisations has taken time as the organisations moved away from the upfront ‘certainty’ that a waterfall project provides backed up by the large testing effort at the end. Regulation and the risk of something going wrong reinforce the belief in waterfall.
“The move to agile is often driven by the business experience with RAD & BAU activity”
Read the whitepaper written by Darren Voisey, Principal Consultant Developer at Excelian