Scrum is an agile framework that focuses on rapid delivery of working software in short cycles called sprints. It consists of self-organizing cross-functional teams, regular sprints with daily stand-ups, and artifacts like a product backlog, sprint backlog, and burn-down charts. The process involves sprint planning, daily scrums, sprint reviews, and retrospectives. Scrum roles include the product owner who prioritizes the backlog, the scrum master who facilitates the process, and the development team.