Business models are the set of models used to describe how the business will operate if the new system is developed. Analysis and design models one of the major modals in software engineering. Here, Analysis is kind of understanding the problem or situation and design is creating solution for analyzed problem. Model is simplification used to better understand the problem or solution.
Design model decides how the system will operate in the aspects like software, hardware and infrastructure. Design modelling has few phases: Design Strategy clarifies about how the system going to implement. Architectural Design describes hardware, software, and network infrastructure used and in most cases system modifies the infrastructure that already exist in the organization. Interface Design specifies how users move forward with the system. Database and file specifications describes what data will be stored and the addresses where the data will be stored. Program Design defines the coding that need to be written and what exactly each program will do.
At the end of each modelling the project plans are reexamined and project sponsor has to make a decision about project development continuation or termination.