The document discusses the spiral model, a systems development method that combines prototyping and the waterfall model. It is favored for large, complex projects. The spiral model involves iterating through four phases - planning, risk analysis, engineering, and evaluation. A case study is presented of Galaxy Inc., which used the spiral model to develop a satellite communication system. Key challenges included risks, lack of experience, and complex requirements. The spiral model helped Galaxy Inc. address risks, gather expertise, and maintain transparency through iterative development cycles.