The document discusses the incremental software development model. It defines the incremental model as one where the whole software requirement is divided into multiple builds. Each build or module independently goes through the requirements, design, implementation, and testing phases. Subsequent builds then add new functionality to the system until the full product is completed. The incremental model is best for projects where major requirements are known but some details may evolve over time, and there is a need to release portions of the software early to the market. Advantages include developing working software quickly, flexibility to change scope, and lower initial costs. Disadvantages include needing good upfront planning and design work as well as potentially higher total costs than traditional models.