Date of Award

Spring 4-2018

Document Type


Degree Name

Master of Science (MS)


Project Management

First Advisor

Stephen Onu


Many companies and organizations, regardless of industries, countries, size, and cultures, are in the process of transiting from traditional project management methods to Agile. When it comes to financial industry, today’s investment banks, face more unstable market conditions, faster changes of worldwide politics, economies and technologies, stricter regulations, and greater pressure to meet customers’ requirements and sustain revenue growth. Investment banks are usually full-service global financial institutions, which provide advisory and financing banking services, as well as sales, market making, and research on financial products. Therefore, investment banks are in great need to transform from traditional PM concepts to Agile. However, a big issue in investment banks is the lack of applying Agile. To address this issue, this thesis is focusing on “what is the current status of adopting Agile in investment banks”, “why investment banks have not fully adopted Agile”, “why investment banks should adopt Agile methodology” and “how to apply agile in investment banks”.

The research of this thesis will be conducted using two main approaches. To answer the first three questions mentioned above, two main approaches, researching the existing articles and questionnaire survey among the investment banks employees, will be used. Based on the findings and conclusions of the research and the survey, recommendations will be provided to address how investment banks can successfully apply Agile within the organization. The results of the research will be able to provide a guidance for investment banks on how to smoothly transit from traditional project management methods to Agile, and help to bring more attention to this topic and stimulate more related research in the future.



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