Pipeline and stage management on deals is representation of sales cycle that helps you organize your prospects.
By default Sales pipeline is pre-populated for your organization. You can always add your own custom pipeline from
Settings -> General -> Pipelines
.By default sales pipeline has stages which can be updated and deleted as per your use. You add new stages to sales pipeline or to any of your own custom pipeline.
Pipeline and stage management in only present for deals.
On deals show page all stage of pipeline currently in which deal is present are visible.
You can update pipeline stage on deal as per deal's progress just by clicking on stage name.
Below image show pipeline and stages structure on deal show page.
Based on pipeline and stages we have different view for deals. Learn more .