Iterative risk management  emphasises that anticipating and responding to climate change does not consist of a single set of judgements at a single point in time, but rather an 'ongoing cycle of assessment, action, reassessment, learning and response . It is consistent with most approaches applied for implementing adaptation . For instance, the Paris Agreement is organised as a polycentric process  of iterative risk management in which national governments pledge to take specific actions. Those actions are monitored and assessed, and nations asked to update their pledges in light of that assessment.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report