This document discusses the Software Development Life Cycle (SDLC), which outlines the formal steps for developing software products. It describes the typical phases of the SDLC as problem definition, program design, coding, debugging, testing, documentation, maintenance, and extension/redesign. Each phase is then further explained in terms of its goals and activities. The document also notes some strengths of the SDLC model for structured development environments and weaknesses for iterative development models.