The document discusses 12 common myths and misconceptions about agile practices. It summarizes that agile is based on principles and values rather than rigid methodologies. Additionally, it emphasizes that agile focuses equally on engineering practices as project management. Iterative development aims to evolve working software incrementally rather than view a project in isolated milestones. Budgets are fixed while scope is variable to allow for adapting to feedback. Problems are expected to surface earlier when using agile to allow for easier fixing compared to later discovery in waterfall approaches. Documentation and design are evidence-based rather than speculative upfront plans. Adopting agile is an ongoing cultural shift rather than a single change and continuous improvement is key.