Rapid Development refers to a software development approach that emphasizes quick delivery of functional software. This method often utilizes iterative processes, allowing teams to produce working versions of a product in short cycles. By focusing on essential features first, developers can gather user feedback early and make necessary adjustments. This approach is commonly associated with methodologies like Agile and Scrum, which prioritize collaboration and flexibility. Rapid Development helps organizations respond swiftly to changing market demands and user needs, ultimately leading to more efficient project management and higher customer satisfaction.