What characterizes iterative project management?

Iterative project management is characterized by the execution of projects in repeated cycles or stages, allowing for continuous refinement and improvement. This methodology embraces the notion that projects can evolve through successive iterations rather than being confined to a single linear path. Each cycle typically incorporates feedback from previous stages, promoting adaptability and enhancing outcomes.

This approach contrasts with models that rely on a rigid, linear progression, where each phase must be completed before moving to the next. In iterative management, teams can respond to changing requirements, incorporate lessons learned, and make adjustments throughout the project’s lifecycle, ultimately leading to a more resilient and successful outcome. This flexibility makes iterative project management particularly beneficial in complex or uncertain environments, where requirements may frequently change or develop over time.