In an agile methodology, the project schedule is not a fixed, long-term plan. Instead, it is iteratively adjusted based on the progress and feedback from each sprint. The team collaborates to continually refine and prioritize the backlog, which informs the schedule for upcoming sprints. This allows for flexibility and responsiveness to changes in requirements or priorities. The other answers are incorrect because they describe approaches more suitable for predictive methodologies, where the schedule is largely determined upfront and not frequently modified.
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