This document discusses watersheds and watershed management. It defines a watershed as an area that drains to a common point by a system of drains. Watersheds are important because they sustain life through clean water and support $450 billion in economic activity. Watershed management involves manipulating natural resources in a watershed to provide desired resources while avoiding harm. The objectives of watershed management include conserving land and water resources, reducing floods and droughts, and improving socioeconomic conditions. The document outlines various perspectives and aspects to consider in watershed development and management.