Agile actually has a global impact on project management standard, especially on PMBOK. Just take last PMBOK edition (5th) and read article 18.104.22.168 about Adaptive Life Cycles. Conclusions is your own deal 🙂
22.214.171.124 Adaptive Life Cycles
Adaptive life cycles (also known as change-driven or agile methods) are intended to respond to high levels of change and ongoing stakeholder involvement. Adaptive methods are also iterative and incremental, but differ in that iterations are very rapid (usually with a duration of 2 to 4 weeks) and are fixed in time and cost. Adaptive projects generally perform several processes in each iteration, although early iterations may concentrate more on planning activities.
The overall scope of the project will be decomposed into a set of requirements and work to be performed,
sometimes referred to as a product backlog. At the beginning of an iteration, the team will work to determine how many of the highest priority items…
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