This document discusses the waterfall model of the software development life cycle (SDLC). It describes the key phases of the waterfall model as requirements, design, implementation, integration and testing, verification, deployment, and maintenance. Each phase must be completed before moving to the next in a linear fashion. The waterfall model provides structure, sets requirements stability, and is good for management control. However, it requires all requirements to be known upfront and doesn't allow for much flexibility or customer feedback during development. The waterfall model is best suited when requirements are well defined and the technology is understood.