The document discusses the system development life cycle (SDLC), which includes various phases for developing and maintaining systems. The key phases are: system investigation, feasibility study, system analysis, system design, coding, testing, implementation, and maintenance. The feasibility study phase evaluates the technical, operational, economic, motivational, and schedule feasibility of a proposed system. The system analysis phase involves studying user requirements and the current system. System design then specifies how the new system will meet requirements through elements like data design, user interface design, and process design. This produces specifications for the system.