Is PRINCE2 the same as waterfall?

No, PRINCE2 is not the same as waterfall. PRINCE2 is often confused with the term 'waterfall', but this is a misunderstanding with several implications. While the PRINCE2 methodology can be used in a waterfall approach, it is not inherently a waterfall methodology. The main goal of PRINCE2 is to deliver benefits and products for your organisation, and it provides a flexible and adaptable framework for managing projects in controlled environments.

The PRINCE2 approach emphasizes organisation, control, and quality throughout the lifecycle of a project, and it can be customized to fit the needs of your organisation and the specific requirements of your project.

While the PRINCE2 methodology can be used in a waterfall manner, it is not limited to this approach and can be applied in a variety of project management contexts, including agile ones.