Day One
Well, I would surely not recommend you to go over the application code and look for things like classes, interfaces, data model, design patterns etc. It definitely has to be everything else than the application code.
If you have just landed on to a new application development project and shall be going to start working on the application soon, you may want to understand some of the following on day one rather than nitty-gritties of the application itself:
It is key to understand business relevance of the application.
But, believe me, the last thing that you would want to do on day one, and which may prove to be of no use is going into application, looking at the code and trying to figure out what does it aim to do. This will leave you in the state of confusion and be of no help. The most important activity you may plan to do out of all of the above is try and understand the business that the application caters to.
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