Definition of Failing Fast:
To fail fast means to have a process of starting work on a project, immediately gathering feedback, and then determining whether to continue working on that task or take a different approach—that is, adapt. If a project is not working, it is best to determine that early on in the process rather than waiting until too much money and time has been spent.
Use of the fail-fast concept:
A team starts a new project or task, obtains feedback early on, and then analyzes whether the project will be successful. If a task or project is moving in the wrong direction, team members are encouraged to stop work as soon as possible.
Benefits of failing fast:
- Identifies issues quickly.
- Creates a culture of transparency.
- Minimizes wasted effort, time, and cost.
- Improves efficiency in development projects.