This document discusses challenges with traditional project management approaches and introduces agile principles. It notes that over 80% of projects historically cost more than their returned value and over 30% failed. Traditional "iron triangle" approaches of focusing on time, cost and scope with big upfront planning are ill-suited for complex problems. The document advocates breaking from traditional thinking and adopting agile principles like continuous delivery, adapting to change, and focusing on delivering business value over time and budget estimates.