The planning of system development efforts is crucial to the successful realization of projects. However, development planning typically lacks systematic, engineering discipline, and consequently risks project and business success. Model-based process design is a potential information systems approach to addressing the increasing complexity of such planning. We characterize the ontology of development process design, based on real-life observations and scientific publications. We then synthesize the required ontology with the desirable characteristics of models, and derive key requirements for model-based development process design. Next, these requirements are used to evaluate the adequacy of three prominent, standardized model-based process design approaches—BPMN, OPM and SPEM. The findings reveal that the surveyed models are a partial fit, and do not promote sound process design. Finally, by generalizing the categorical evaluation results, possible root causes for the identified inadequacies are proposed. A new model design, which should rely on the formulated requirements set, is called for, in pursuit of a wider adoption of model-based design paradigms and better information systems realization to support the development of complex systems.