The term "agile methodology" in project management represents a flexible and collaborative approach to software development. It emphasizes iterative progress, allowing teams to adapt to changing requirements and continuously improve the product. Agile methodologies rely on short development cycles called sprints, fostering frequent reassessment and reconfiguration of project goals. By promoting cross-functional teamwork and maintaining open communication with stakeholders, agile methodologies aim to deliver high-quality results and enhance customer satisfaction through regular releases and updates.