The Agile model is a hybrid iterative and incremental software development process that focuses on adaptability, customer satisfaction, and rapid delivery of working software. It divides projects into small incremental builds over several iterations. Each iteration involves cross-functional teams working simultaneously on planning, requirements analysis, design, coding, unit testing, and acceptance testing. Tasks are divided into short time boxes to deliver specific features for each release. Working software is delivered at the end of each iteration and features are added incrementally, with the final build containing all required features. The Agile model is well-suited for projects with uncertain or changing requirements, complex projects with multiple stakeholders, and those with tight deadlines.