The document describes the system development life cycle (SDLC), which is a process used to develop, implement, and retire information systems through several steps: initiation, analysis, design, implementation, and maintenance. It involves analyzing user needs, designing the system, coding, testing, implementation, and maintenance. The waterfall model is presented as a common SDLC approach, consisting of sequential phases from requirements analysis through maintenance. Other SDLC models mentioned include iterative, spiral, object-oriented, rapid application development, and joint application development.