Precipitation is any form of water that falls from the sky. The related link will direct you to a picture of the water cycle. There are many steps in the water cycle. Precipitation is just one of them!
Frankly there are NOT 11 steps in the water cycle, you could say that for the Global hydrological cycle but not a spicific places water cycle. The 4 stages are Evaporation, Condensation,Preticipation and collection
All major steps in the water cycle are important, otherwise the cycle breaks down. Precipitation is one of the two basic steps in the water cycle: Water rises into the atmosphere (evaporation, transpiration, evapotranspiration, sublimation). Water falls from the atmosphere (precipitation).