What characterizes Agile methodology in project management?

Agile methodology in project management is characterized by its iterative and incremental approach, which emphasizes flexibility and adaptability to changing requirements. This means that instead of following a strict sequential process, Agile allows teams to work in short cycles, known as iterations or sprints. During these iterations, teams can reassess priorities and incorporate feedback, enabling them to respond quickly to stakeholder needs and make improvements throughout the project lifecycle.

This inherent flexibility is a fundamental distinction of Agile methodology, as it encourages collaboration among team members and stakeholders, fostering an environment where continuous improvement is possible. It contrasts sharply with the characteristics described in the other options, which focus on rigidity, extensive documentation, and fixed phases that do not align with the Agile principle of adaptability. By prioritizing working software and customer collaboration over comprehensive planning, Agile makes it possible to achieve greater efficiency and satisfaction in project delivery.