Concept/Inception: Identify project goals, gather initial requirements, and define the project's vision and scope.

Iteration/Increment: Break the project into smaller, manageable increments or sprints, usually lasting 1 to 4 weeks. Each sprint focuses on delivering a specific set of features.

Planning: Prioritize tasks and create a sprint backlog outlining the work to be completed during the iteration. Team members collaborate to estimate effort and allocate responsibilities.

Development: Teams work collaboratively to design, develop, and test features. Continuous integration and regular updates ensure that progress is tracked.

Testing: Conduct testing throughout the development phase to identify and fix issues early. This includes unit testing, integration testing, and user acceptance testing.

Review: At the end of each sprint, hold a review meeting to demonstrate completed work to stakeholders, gather feedback, and assess what was accomplished.

Retrospective: Reflect on the sprint process to identify successes and areas for improvement. Teams discuss what worked well and what can be enhanced in future iterations.

Release: Once the product meets the defined criteria, it is deployed to users, allowing for real-world feedback and further iterations as necessary.