I have been involved in project and program management since 1989 across various sectors and more recently have been focused in banking and finance. I have experience in Prince and Agile methodologies and will expand on the blending of these two methods through the use of user stories (a user experience method) and the positive relationship between waterfall and iteration components in the following parts of this post.
Simply put (before getting into the detail) Prince and Agile = Delivery and in Banking and Finance they can give startling results.
This will not be a shock to many people but I’m not going to be describing the what, but the how. I have managed some highly complex projects that would have failed if they had been run in Prince or Agile alone. The clear advantage of blended processes is that the project become team centric and affords an environment where success in common and that value is attributed to the correct people.