“This is a hybrid project” is not a plan.
Hybrid becomes useful when the project contains different types of uncertainty. Some work may need fixed sequencing, governance or cutover control. Other work may benefit from rapid feedback and iteration.
The practical move is to map the work first, then choose the delivery behavior for each part.
The interface is where the real work happens
If an iterative product team is moving quickly but security approval takes three weeks, the system's delivery speed is still three weeks. Hybrid planning has to include those queues and dependencies.
I prefer to explain hybrid through decisions rather than labels: this part is predictive because the cutover is fixed; this part is iterative because the customer experience is still being discovered.