To plan and execute your iterations effectively, it is important to adhere to certain best practices and principles. These include defining a clear and shared vision and scope for your project, breaking it down into user stories, and involving customers and stakeholders in the planning and review sessions. Utilizing a simple and visual tool such as a storyboard or kanban board to track and display your iteration backlog, progress, and status is also important. Additionally, applying XP values and practices such as simplicity, feedback, communication, testing, refactoring, and pair programming will help ensure the quality and maintainability of your code. Lastly, regular retrospectives at the end of each iteration should be conducted in order to identify what worked well, what didn't work well, and what can be improved.