Abstract
Identifying one stop solution in terms of a software development methodology for enterprise wide application development whose various sub-components or sub-stages can be best used to describe a software development scenario is still an evolving domain. This, coupled with the reality that computer science and its allied areas like information systems and information technology domains are moving forward rapidly with regards to available technologies, making it extremely difficult task for practitioners to maintain pace with the available information technologies and their application in various domains. It is to address these scenarios and probabilities that this research paper examines various software process models and their impact on the overall software development life cycle.