Iterative processes are methods that involve repeating a series of steps to gradually improve a product or solution. Each cycle, or iteration, allows for adjustments based on feedback or results from the previous round. This approach is commonly used in fields like software development and design, where continuous refinement leads to better outcomes. In an iterative process, teams often set specific goals for each iteration, assess their progress, and make necessary changes. This cycle of planning, executing, and reviewing helps to identify issues early and fosters innovation, making it a valuable strategy in project management and research.