Steps of The Exegetical Research Process

I go to a Christian College and there is a class called Principles of Interpretation. In essence the whole class is set up to teach you the steps of how to interpret the Bible, how to research passages, find or rather read their meaning, and find a valid application. This is all leading up to a huge paper that you turn in at the end of the class, but as you go each step of the interpretation process is turned in as an assignment. This is my assignment.