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Release Management involves planning, coordinating, and managing the process of releasing software updates and new features into production. It ensures that releases are delivered on time, within budget, and with minimal disruption to end users. In the context of Application Lifecycle Management (ALM), Release Management plays a critical role in governing the transition of software artifacts from development to production environments. As part of Change Management, it helps ensure that changes made to software systems are thoroughly tested, documented, and communicated to relevant stakeholders before being deployed. By managing risks associated with releases, Release Management contributes to the overall success of Software, ALM, and Change Management initiatives.