Definition
Agile Product Development is an iterative approach to building and managing products, emphasizing flexibility, collaboration, and rapid delivery. It breaks down large projects into smaller, manageable cycles called sprints, allowing teams to adapt to changing requirements and customer feedback throughout the development process. This methodology fosters continuous improvement and ensures that the final product aligns closely with user needs and market demands. For instance, a software team might use agile to release new features incrementally, gathering user input after each release to refine subsequent updates. Unlike traditional waterfall models that follow a strict linear sequence, agile embraces change and continuous feedback loops. This concept is frequently assessed on PMP, CAPM, and PMI-ACP examinations.