Challenges of Agile Adoption in Banking Industry: A Systematic Literature Review

Dhevina Dewantari, Teguh Raharjo, Bob Hardian, Andi Wahbi, Fahmi Alaydrus

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Bank is a highly regulated institution, therefore, should comply with the regulation set by the authorities. Executing a project in a bank will need persistent examination and highly anticipated documentation. The bank industry faces pressure because of arising new and nontraditional competitors who use the agile approach. However, there may appear challenges during the adoption because the bank industry usually uses a traditional approach. Hence, a study based on a systematic literature review was conducted to understand the possibility of agile adoption in the banking industry and to explore the challenges concerning agile adoption in the banking industry across the globe. From each challenge will be discussed the solution to deal with it. Knowledge areas from PMBOK (Project Management Body of Knowledge) were used in this study to map those challenges. The most mentioned challenges come from project integration management and project resource management. The challenges also mapped into project scope management, project cost management, project risk management, project schedule management, project communications management, project quality management, and project stakeholder management. The banking industry used SATP and SAFe to ease agile adoption if it complies with the regulation. The result provided in this can help academicians to better understand the challenges of agile adoption and potential solutions in the banking industry. As the practitioners can get insight and lessons learned provided in this paper to solve the challenges.

Original languageEnglish
Title of host publicationICSEC 2021 - 25th International Computer Science and Engineering Conference
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages357-362
Number of pages6
ISBN (Electronic)9781665411974
DOIs
Publication statusPublished - 2021
Event25th International Computer Science and Engineering Conference, ICSEC 2021 - Virtual, Online, Thailand
Duration: 18 Nov 202120 Nov 2021

Publication series

NameICSEC 2021 - 25th International Computer Science and Engineering Conference

Conference

Conference25th International Computer Science and Engineering Conference, ICSEC 2021
Country/TerritoryThailand
CityVirtual, Online
Period18/11/2120/11/21

Keywords

  • Agile
  • Agile Adoption
  • Agile Software Development
  • Bank
  • Banking Industry
  • Challenges

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