What does the term "Product Backlog" refer to in Agile?

The term "Product Backlog" refers specifically to a prioritized list of features, enhancements, and fixes for future Sprints in Agile methodologies, particularly within the Scrum framework. It serves as the single source of requirements for any changes to be made to the product, effectively guiding development teams on what needs to be worked on next. The prioritization within the backlog ensures that the items deemed most valuable to the stakeholders and the overall project goals are addressed first.

As development progresses, the Product Backlog is continuously refined and updated. New items may be added based on feedback, market changes, or stakeholder requests, ensuring the product evolves appropriately to meet user needs. This dynamic nature supports Agile principles, emphasizing flexibility and customer collaboration throughout the development process.