This work is settled in the framework of abstract simplicial complexes. We propose a definition of a watershed and of a collapse for maps defined on pseudomanifolds of arbitrary dimension. Through an equivalence theorem, we establish a deep link between these two notions: any watershed can be obtained by collapse iterated until idempotence, and conversely any collapse iterated until idempotence induces a watershed. We also state an equivalence result which links the notions of a watershed and of a collapse with the one of a minimum spanning forest.