-  You appoint a project leader to run the project and a steering group to
    steer it.
-  The steering group is cross functional and there to support the project
    (they are often managers with line responsibilities but in the steeringgroup
    they are there for the project)

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-  Iterative development is regarded as a top down method

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-  The project leader prioritise what are the most important requirements,
    functionality or components to develop first, concentrate on them and let
    the rest be.

-  Evaluate on the working product, service, education, production… and
    debug (the total functionality of the to be product is not there yet but it
    works)

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-  Start a new iteration by  prioritising most important requirements,
  functionality or parts to develop and you start a new development loop

-  This way of development is used a lot in the softwear industry.

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-  After a number of iterations, the to be product has the full functionality
    and meets all the requirements and you can start to produce.