The term 'agile manifesto' consists of four foundational principles that emphasize collaboration, flexibility, and customer focus in project management. The manifesto values individuals and interactions over processes, working software over comprehensive documentation, customer collaboration over contract negotiation, and responding to change over following a plan. This framework encourages teams to adapt quickly to evolving requirements and fosters an environment of continuous feedback and improvement. By adopting these principles, organizations aim to deliver high-quality products more efficiently while enhancing stakeholder satisfaction and team morale throughout the development process.