Agile methodology emphasizes iterative development, allowing for continuous feedback and improvements. It is flexible, accommodating changes throughout the project lifecycle, and focuses on collaboration and customer satisfaction. Waterfall methodology, on the other hand, follows a linear and sequential approach, with each phase dependent on the completion of the previous one. It is more rigid, with detailed planning and documentation required upfront. Agile is suited for dynamic projects where requirements may evolve, while Waterfall is ideal for projects with well-defined, stable requirements and clear timelines.
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