I think it is not that good, but maybe if you combine it with some other things...
What do you think about agile methodology when it comes to software development?
I have to say that agile is a really great and helpful thing. I would recommend you guys tu use it for your projects too, you will notice the difference for sure. Also, take a look at those scrum magnets from https://scrummagnets.com If you use a whiteboard for project planning and other thing, it might be really very helpful to you. Think about it, hope I was helpful to you here ;)