Scrum is an agile framework for managing software development projects that focuses on iterative delivery through short cycles called sprints. It utilizes roles like the product owner, development team, and scrum master. Key artifacts include the product backlog to track features and the sprint backlog to plan work for each iteration. Regular meetings like daily stand-ups, sprint reviews, and retrospectives promote transparency and process improvement. While long-term estimates are challenging, scrum values transparency and frequent delivery to build trust with stakeholders.