Project Iteration is a process of repeating the life-cycle of some project to bring a desired result closer to completion with each repetition happened. The process aims to reach success through iterating or repeating the project as many times as it’s required for delivering the outcomes. It is mainly used in projects which are not manageable under a traditional step-by-step implementation approach.
Iterating a project means processing the project life-cycle until desired deliverables are produced as planned. Such a project becomes iterative and can be characterized by the following:
- Number of iterations
- Unique implementation plan for every iteration
- Commitment of every iteration to general project goals
- Simultaneous or parallel implementation of two or more iterations
- Specific team organization that depends on goals and tasks of every iteration
Iterations of projects and their separate phases and stages are usually used in IT and software development projects which cannot be manage under classic waterfall method because each stage or phase requires a unique approach for planning task detailing, granularity and allocation.