This report provides a detailed analysis of Agile project management, defining it as an iterative approach in software development that emphasizes flexibility and responsiveness to change. It explores the history and principles of Agile, highlighting its advantages such as speed to market, flexibility, risk management, cost control, and quality, while also acknowledging its drawbacks, including a lack of understanding, potential for behavioral issues, and challenges in cultural integration and predictability. The report compares Agile to Waterfall and Prince2 methodologies, outlining the key differences in their approaches and structures. Furthermore, it presents real-world examples, including the successful adaptation of Agile at British Telecom and a case study of an Agile failure, providing valuable insights into the practical application and challenges of Agile methodologies. Overall, the report offers a comprehensive understanding of Agile project management, its strengths, weaknesses, and its place in the broader landscape of project management approaches.