Applying Agile Methodology to Regulatory Compliance Projects in the Financial Industry: A Case Study Research

11 Pages Posted: 4 May 2021

See all articles by Dirk O. Beerbaum

Dirk O. Beerbaum

Aalto University - Department of Accounting and Finance; Aalto University - School of Business

Date Written: April 26, 2021

Abstract

We investigate the application of agile methodology to regulatory compliance projects. Regulatory compliance projects normally apply waterfall approach given the regulatory explicit specified requirements. We identify the major advantages and disadvantages. The findings have implications for practictioners in deciding if agile methodology and approach should be followed for regulatory compliance projects. The article concludes that agile methodology strictly applied contain major unique advantages towards waterfall approach, as fostering autonomous problem solving teams.

Keywords: Agile methodology, waterfall approach, Scrum, regulatory compliance projects, project management

JEL Classification: A10

Suggested Citation

Beerbaum Dr., Dirk O., Applying Agile Methodology to Regulatory Compliance Projects in the Financial Industry: A Case Study Research (April 26, 2021). Available at SSRN: https://ssrn.com/abstract=3834205 or http://dx.doi.org/10.2139/ssrn.3834205

Dirk O. Beerbaum Dr. (Contact Author)

Aalto University - Department of Accounting and Finance ( email )

P.O. Box 1210
Helsinki, 00100
Finland

Aalto University - School of Business ( email )

Finland

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