The document discusses the software development life cycle (SDLC) and system development methodologies. It describes the main phases of the SDLC as planning, analysis, design, development, testing, deployment, and maintenance. It also discusses different SDLC models like waterfall and iterative waterfall. The iterative waterfall model allows revisiting phases to address issues identified later. Finally, it defines a systems development methodology as a formal process for developing software and describes object-oriented analysis and design as an example methodology.