This document discusses the key concepts of systems development, including:
1) It defines the difference between a system development life cycle (SDLC) and a methodology, with an SDLC being the logical problem-solving process and a methodology being the physical implementation.
2) It explains that methodologies ensure a consistent approach is used for all projects and help reduce risks.
3) It outlines some of the underlying principles of systems development, including getting users involved, using a problem-solving approach, and establishing phases and activities for projects.