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The purpose of this paper is to explore the feasibility of adopting a pilot project approach for foreseeing the working and financial viability of a technique, named as agile innovative total quality function deployment (agile ITQFD).

The agile ITQFD technique and its financial accounting system were designed. The implementation study of two pilot projects on agile ITQFD was conducted in an electronics switches manufacturing company. The statements of the financial accounting system were used to foresee the financial viability of agile ITQFD projects.

The research reported in this paper indicates the feasibility of adopting a pilot project approach and its financial accounting system for test implementing new techniques and models in the organisations aspiring to attain global competitiveness.

Like many other modern organisations, the company in which the research work was carried out has been aspiring to compete globally. Hence, even though the implementation study involved only two pilot projects, the implications of this research would represent the global scenario as well.

Currently practitioners struggle to choose the best techniques for applying them in specific cases. The research reported in this paper would help practitioners in this regard to adopt the pilot project approach and its financial accounting system.

The pilot project approach reported in this paper helps a company save time and money while exploring the practical compatibility of the technique. The financial accounting system presented would be useful in foreseeing the viability of projects using monetary values.