The Fourth Industrial Revolution is actively developing in the world. As a result, the dynamics of shifts in the production paradigm is logical. New organizational models are required. Agile project management as an approach allowing to form a business model that is the most effectively functioning in the modern industrial conditions is explored. The aim of the study is to analyze Russian industrial sector from a position of implementing the methodology of agile project management. Theoretical and practical aspects of the agile concept are presented. PJSC Severstal as an example of the implementation of the agile project management is considered. Agile Project management is offered as a promising methodology for Russian industry development.

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