This assignment delves into the various Software Development Life Cycles (SDLC) models, including Waterfall, V-Model, and Agile. It requires you to compare and contrast these models, highlighting their advantages and disadvantages. Furthermore, the assignment necessitates an analysis of potential risks in software projects, considering factors such as scope creep, technical challenges, and resource constraints. You are expected to demonstrate a comprehensive understanding of different SDLC approaches and their implications for successful software development.