What type of a business analysis approach focuses on the rapid delivery of business value in short iterations?

Risk-driven approaches prioritize identifying and mitigating project risks as the primary driver of planning and execution, not rapid iterative delivery.

Change-driven approaches are characterized by short iterative cycles that deliver incremental business value quickly, adapting to evolving requirements. This contrasts with plan-driven approaches, which emphasize thorough documentation before delivery. The BABOK Guide defines change-driven as one of the two primary BA approach categories, alongside plan-driven.

Risk-laden is not a recognized business analysis approach category in the BABOK Guide or any standard BA framework.

Profit-driven is not a defined business analysis approach; while profit is a business goal, it does not describe an iterative delivery methodology.