Explanation/Reference:
Provisioning deals with automation of the installation and configuration of operating systems, infrastructure software, applications, services, virtual servers, and hosts across different platforms, environments, and locations.
Note: Lifecycle Management focuses on managing the lifecycle of software, applications, services, virtual servers, and hosts by automating deployment procedures to not only assist in the deployment of software, applications, services, and servers but also the maintenance of these deployments. This makes critical IT operations easy, efficient, and scalable resulting in lower operational risk and cost of ownership. Two key capabilities within lifecycle management is provisioning and patching.

Reference: Oracle Reference Architecture, Management and Monitoring, Release 3.0