Sprint vs iteration: Exploring both terms
The answer is yes. A sprint is a focused productivity technique that is created by a group of individuals working on the same project. The term and activity is 
most commonly known and applied in software development. Usually, sprints last about seven days or so. As a team, the end goal is to “sprint” or quickly reach, the desired goal.
Here are some helpful tips:
- Plan out your sprint. Populate the product backlog and determine what each member will work on followng this sprint.
- Conduct daily stand up meetings. This is a good opportunity to check-in with your team and see if everyone is on track.
- Take two days to review your sprint. Perform thorough reviews and schedule stakeholder presentations.
At the end of the sprint, find time to reflect back on your sprint. Ask the important questions: “What did we get done in the last sprint? how can we do better next time?
The main benefit of sprinting is the dynamic interaction between project members. Since sprints requires project members to meet in person and work together, team communication is greatly enhanced.
Sprint vs iteration: The iterative process
Iterative is a term used to describe a planning and development process where a project is developed in small sections, which are called iterations. One by one, an interation is carefully reviewed and critiqued by a team as well as potential and current end-users. The insights obtained from this iteration review is then used to determine the next steps in the process.
Let’s face it, there will always be changes that will need to be made before a product is finalized. Delays are therefore common. By involving the end user in the developmental process, team members gain relevant feedback at every stage of development, rather than only after the final product. The advantage here is that teams can identify issues/problems earlier, act on that feedback, and make changes quickly.
Overall, found your summarized recap of Sprint vs Iteration useful.
Please note: under helpful tips . . . “Take two days to review your sprint” . . . this is a very ambitious luxury . . . that most Agile Team practicing Scrum would NOT find doable. In the real world, your focus is optimizing the team’s time to understand what is in their backlog, what can be addressed in the next sprint, duration of the sprint (two weeks, three weeks, etc.), and then, focus on the deliverables called out. Then, at the end of a given sprint, the team may review the deliverables with their stakeholder, review what went well vs what needed to be re-assessed, what needs to be re-done and/or planned for the next sprint, and verify with the stakeholder what was delivered vs what is envisioned for the next sprint, etc., etc.
If a team is allowed 2-to-4 hours to accomplish all of this between sprints, then this is a much more realistic milestone to shoot for. BUT two days is not realistic, when you consider a sprint is 2 to 3 weeks each time. That means in a years time that 34 to 52 days have been consumed in “reviews”, based on your taking two days to review your sprint.
My two cents . . .
You didn’t lay out difference between Sprint & Iteration under your heading – Sprint vs iteration: The iterative process!
All you mention in that section is to what is an iteration.
I agree with Kartik… the section Sprint vs iteration: The iterative process! doesn’t contain any comparison. Just what an iteration is.