Component-based development (CBD) is a name, with which software development professionals are quite familiar. There are several models which have been proposed for CBD in last few years. They contain good features but there are some improvement possibilities in them. The objective of this paper is to propose a process for CBD and to evaluate the effects of quality parameters on reusability. The validations of the proposed CBD model provide positive indication for software (SW) industry that it can be successfully implemented for CBD projects.