This document discusses the advantages and disadvantages of a database management system (DBMS). It begins by defining a DBMS and describing its role in managing database structure and controlling access to stored data. The key advantages listed include reduced data redundancy, elimination of inconsistencies through propagating updates, improved data security and access controls, and easier ad hoc querying. Disadvantages include high initial costs for hardware, software and skilled personnel, complexity in design and administration, costs of conversion from existing systems, potential security issues with centralized data access, and slower response times when many users access the same database simultaneously.