The document outlines the major steps in the life cycle management of computerized systems: requirements, development, validation, implementation/deployment, control, maintenance, and retirement. It then details the life cycle management flowchart which includes initiation and risk assessment, requirements specification, vendor identification and assessment, validation planning, system installation qualification, operation qualification, performance qualification, validation summary report, traceability matrix, post-implementation review, periodic review, revalidation for major changes, and retirement of outdated systems. The flowchart provides a systematic approach to qualifying computerized systems from initial requirements through maintenance and retirement.