That is a good explanation of Agile. Agile is indeed an iterative approach to project management and software development that emphasizes collaboration, flexibility, and continuous improvement. Agile teams work in short cycles or sprints, usually two to four weeks long, and aim to deliver working software at the end of each iteration. This allows teams to respond to change quickly and adapt to evolving requirements, customer feedback, and market conditions. Agile also values individuals and interactions over processes and tools, customer collaboration over contract negotiation, and responding to change over following a plan.