An agile project management approach is characterized by iterative development, flexibility, and collaboration. It emphasizes responsiveness to change by breaking projects into smaller, manageable units called sprints. Teams work in close collaboration with stakeholders to continuously refine requirements and deliver functional increments of the product. This iterative process allows for regular feedback, promoting ongoing improvement and adaptation. Agile methodologies, such as Scrum and Kanban, encourage self-organizing teams and prioritize customer satisfaction by focusing on delivering value throughout the project lifecycle.