Agile development and its usage belong to a specific group of people who clearly understand its significance. Agile development has its own set of drawbacks and may not be suitable for any type and size of software project, but can be successfully used for reasonably sized projects with a maximum team size of around 100 developers. However, agile development should be taken up by any organization in steps and can be started with a small project that can fall in line with the agile methods. Agile development is also a boon in providing customers who are so collaborative and act as stakeholders in a project development all through, along with the developers. Agile methods are still very young to draw the boundary conditions effectively for a software project. The decision for choosing agile methods should ideally go to the people primarily who are the best ones to decide whether they can suffice to the excellent collaborative project development. If not, it is better not to follow any agile methods as lack of the desire for adapting this development may ruin the project. However, with all its pros and cons, agile development is gaining immense popularity amongst organizations across the globe that believe in simplicity in designing and developing software with great and effective collaboration between the project stakeholders.