In order to develop and deliver a software project successfully, any software development organisation has to follow a well-known and recognised software engineering process for successful delivery and maintenance of the software. However, when the organisation is willing to follow a new software development process, the success rate of adopting a new software engineering process is a question mark. In the paper, we aim at studying and comparing two software engineering processes, which are based on different paradigms or models, and proposing a hybrid methodology, which integrates advantages of both compared methods. They are Microsoft Solutions Framework as a representative for an iterative methodology and SCRUM for agile software development. The comparative analysis will help a software development company to make the transition easier from Microsoft Solutions Framework to SCRUM or vice versa.