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The Rational Unified Process (RUP) of software development was developed by the IBM-owned Rational Software Corporation in 2003. This is another rather flexible iterative software development model.
There are a number of key principles to the RUP framework. Its basic structure recommends that all stages of the software development process should be divided into four phases. These are: inception, elaboration, construction and transition.
Inception - The inception phase is like the business model for the project. It will deal with issues like expected revenue, the potential market and other factors that will determine whether the project is financially viable.
Elaboration - This is where the project begins to take shape. By the end of this phase a more or less complete use-case model should be in place; the software architecture and development system should be decided upon; and a development plan for the overall project should be in place.
Read the article here: Benefits of the RUP Software Development Model
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