The document provides an overview of agile methodology compared to traditional waterfall methodology. Waterfall development completes each phase sequentially before moving to the next, which can be risky and inefficient. Agile is iterative and adaptable, prioritizing working software over documentation. Scrum is an agile framework that uses short sprints, daily stand-ups, and backlogs to deliver working software frequently. Kanban also uses iterative development but visualizes workflows on boards to limit work in progress and optimize lead times.