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Here in this paper we explore comparative study to analyze the performance differences between Traditional software development models and Object-Oriented approach. Traditional approaches like waterfall, spiral lack flexibility to deal with object oriented models. The approach of using object - oriented techniques for designing a system is referred to as object oriented design. Object oriented development approaches are best suited to projects that will imply systems using emerging object technologies to construct, manage, and assemble those objects into useful computer applications. Object oriented design is the continuation of object-oriented analysis, continuing to center the development focus on object modeling techniques.