•You appoint a project leader to run the project and a steering group to steer it
•The project leader prioritises what are the most important requirements, functionalities 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)
•Start a new iteration by the project leader 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 software industry.
•After a number of iterations, the to be product has the full functionality and meets all the requirements and you can start to produce.