The software development and management (SDM) practice helps organizations to ensure that their software products are developed methodically and delivered in accordance with the stakeholders’ requirements. The main purpose of the SDM is to map out the management tasks and sequences them rationally. Software must be developed in a systematic manner to ensure that it is developed on time, within budget and with all functional and non-functional capabilities. SDM practice plays a significant role in ensuring that the software is developed in a systematic manner, traditionally using the models such as waterfall model, agile model, and V-model. There are many modern software development models such as DevSecOps that extends the capability of existing models and makes it more cloud friendly. Web-based development and delivery of software applications as well as Low-Code/No-Code (LCNC) are becoming increasingly popular and valuable due to availability of tools and technology for SDM. Selecting the right model for developing software ensures that all the disciplines of that model are implemented and monitored during the SDM process. Hence, SDM practices strategically manage how software is being developed, tested, and deployed and creates the business value for the stakeholders.