This document provides an overview of different software process models including the waterfall model, V-model, evolutionary development, component-based development, and incremental delivery. It describes the key phases and activities in each model. The V-model is explained in detail with its distinct development and validation phases like requirements, design, coding, unit testing, integration testing, system testing, and acceptance testing. Pros and cons of each model are also highlighted along with guidance on when each is generally most applicable.