A Component-Based Software Engineering Process Model involves dividing a system into smaller components, each with its own set of functions and interfaces. This approach emphasizes modularity, reusability, and flexibility, allowing developers to create, test, and maintain individual components independently. By doing so, it reduces complexity, improves code quality, and enables more efficient development and maintenance processes. The process model typically includes activities such as component design, implementation, integration, testing, and deployment. It also emphasizes the importance of standards, tools, and methodologies to support the creation and management of reusable components. By following this approach, developers can build systems that are more maintainable, scalable, and adaptable to changing requirements.