The document discusses process management in operating systems, defining a process as a program in execution and describing its life cycle, which includes states such as start, ready, running, waiting, and terminated. It explains the role of the Process Control Block (PCB) in maintaining essential information about processes, and outlines the various types of schedulers (long-term, short-term, and medium-term) that manage process scheduling. Additionally, it covers process creation, termination, and the context switching necessary for managing multiple processes.