The document discusses four common software development life cycle (SDLC) models: Waterfall, V-Model, Spiral Model, and Agile Model. It provides details on the phases and processes of the Waterfall and V-Model, and highlights some advantages and disadvantages of each. For the Spiral Model, it notes that the lifecycle is divided into iterative parts to manage risk and add new features incrementally. Finally, it states that the Agile Model uses iterative and incremental development with a focus on adaptability and rapid delivery.