Methods

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There are gazillions methods for software development out there, ranging from heavy RUP-based to more agile approaches. Often, a middle way is suitable for the need in your specific domain. The best method is the one that fits your cause....

In order to succeed with model driven development you don't necessarily need an explicit method at all, but you do need a certain level of standardisation regarding how to do modelling and how to structure your models. If you want your models to be useful for automating parts of the software development process, you need to considered how to structure your architecture models, the details of information models etc. Then, of course, you need a modelling tool to support your modelling needs and transformation tools for code generation and model transformation.