Final answer:
Iterative development is the process chosen for epics to facilitate learning and development while managing risk, as it involves improving upon the project in a cyclical manner with multiple stages.
Step-by-step explanation:
The process used for epics to accelerate learning and development and reduce risk is iterative development. Iterative development is a methodology where the design process is done in pieces, allowing for continuous improvement and adjustment. This approach aligns with the continuous development view that development is a cumulative process, where existing skills are gradually improved upon. Incremental development is similar in that it focuses on enhancing an existing product or process through modifications. However, it is the iterative nature of assessing and refining the project at each stage that is crucial for epics in a learning and development context. The process typically involves phases such as the Preparatory Phase, Implementation and Learning Phase, Program Evaluation Phase, and Development of Lessons Learned, helping teams to identify issues early and adapt quickly, thereby reducing risk.