The document discusses several software development life cycle (SDLC) models including waterfall, V-shaped, prototyping, rapid application development (RAD), incremental, spiral, and timeboxing. It provides descriptions of each model including typical steps, strengths, weaknesses, and when each model is best suited. It also discusses capability maturity model (CMM) levels and how changing the lifecycle model can impact development speed, quality, visibility, overhead, risk, and customer relations.