Agile methodology emphasizes iterative progress and close collaboration in project execution. It adapts to changes quickly by dividing projects into smaller, manageable tasks known as sprints, with regular assessments and adjustments based on stakeholder feedback. Team members work together more effectively, breaking down silos and promoting a shared understanding of project goals. This approach helps in identifying challenges early on, resulting in a more efficient workflow, reduced risks, and better alignment with customer needs and business priorities throughout the project lifecycle.