The document discusses the Software Development Life Cycle (SDLC) which is a framework for software development projects. It describes the typical phases of an SDLC process: planning and requirements analysis, defining requirements, designing the software, building/developing the software, testing the software, and deployment and maintenance. The SDLC aims to produce high quality software that meets expectations on time and budget. Key advantages of following an SDLC include increased development speed, improved product quality, better tracking/control, improved client relations, decreased project risk, and lower project management overhead.