What does an iterative approach prioritize in its phases?

An iterative approach prioritizes risk analysis in its phases because it emphasizes the continuous assessment and management of risks throughout the project. This methodology allows teams to recognize, evaluate, and address potential issues incrementally, reducing the likelihood of major problems arising later in the project.

By focusing on risk analysis, an iterative approach fosters a proactive mindset that helps teams to systematically identify vulnerabilities and implement controls or adjustments in response to changing circumstances or findings that arise during each iteration. This leads to a more flexible and adaptive project management process that aligns with the principles of agile methodologies, making it particularly effective in dynamic environments where requirements or threats may evolve.

While other options might have their merits in different contexts, risk analysis is central to the iterative approach as it enables teams to make informed decisions and prioritize actions based on real-time insights and assessments.