The Software Development Life Cycle (SDLC) is a systematic framework used for designing, developing, testing, and deploying software applications. It includes various models such as the Waterfall model, which follows a linear sequential approach and often sees QA involvement only after development, and the Agile model, where QA is integrated from the beginning of each sprint, fostering flexibility and continuous feedback. Effective QA ensures that products meet quality standards and minimizes defects throughout the development process.