Views:815 | By: Benson In software engineering, iterative development is an approach that involves breaking down the process of building a software into small parts. Each part, called “iteration”, represents the whole development process and contains planning, design, development, and testing.


It's based on attitude of embracing and adapting to change.


Benefits

# Earlier than late mitigation of risks. These risks could be; technical, usability, objectives etc.

# It provides early visible progress.

# Offers early feedback, engagement and adaptation.

# Helps in managing complexity, the team is not overwhelmed by "Analysis Paralysis"

# The early learning can be used to improve the process itself.


Read some more: https://en.wikipedia.org/wiki/Iterative_and_incremental_development