The business value of using a particular SDLC includes:
meeting specific business needs within the software application development environment;
minimizing risks associated with system development;
eliminating redundancy;
raising organizational efficiency;
assisting project managers in the management of team members, development partners, and subcontractors;
reducing the cycle time of the project’s completion via a consistent, repeatable process;
cost reduction through minimization of rework and maintenance expenditures;
encouraging resource reuse and redesign.