A company Ajax Technologies released an application for Windows word processor, after five years of development. The product received significant acclaim, and the sales concluded higher than the projections, however, the project faced several project management issues in its execution. The project had issues ranging from ill-defined requirements, lack of planning, inadequate project management, and random role assignment. Most of the products of the company at that time were among the best available products on the market. Though the product was built in standard style, the Application Business Unit project needed a structure - a process framework to guide the development. The following points were noted before identifying the software process and framework: Work culture: The work culture was informal - software engineering staff handled project execution decisions; roles were interchangeable, and projects were carried out without formal requirements documentation. Release strategy: The preferred strategy was to deliver the product in many small releases with short durations. Time constraint: The initial project was scheduled to be delivered in one year. Focus on programming: Projects at that time relied heavily on programming aka build and demonstrate the model. It had always worked for them in the past. Developers and managers were not very concerned with the software architecture or process methodologies. Small team sizes: The development team size was typically limited to 10 people. Unclear requirements: The requirements for the project were not well defined. The company wanted to add as many innovative features to the word processor app, without defining the project scope. Taking into consideration the above scenario, find the SDLC model that best fits the company approach. Also, give potential reasons why the chosen model would be the best fit.

This question is from Project management so please