The document discusses various software development life cycle models, including: - The waterfall model, which progresses through sequential stages from requirements to maintenance. It allows for predictability but not flexibility. - Iterative models like prototyping and incremental development, which allow delivering functionality in phases to get early user feedback. - The V-model which emphasizes verification and validation activities at each stage. - Agile methods like Scrum and eXtreme Programming which are iterative, incremental and emphasize adaptability over heavy documentation.