The document discusses the Rapid Application Development (RAD) model. The RAD model is an incremental model where components or functions are developed in parallel like mini projects within time boxes. This allows customers to quickly see and use prototypes and provide feedback. The RAD model phases include business modeling, data modeling, process modeling, application generation, and testing. Advantages are reduced development time and increased reusability while disadvantages include strong team skills requirements and high costs. RAD is best for modularizable systems needing completion in 2-3 months when high-skilled resources and modeling tools are available.