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Release Management involves coordinating, controlling and tracking the changes made to software throughout its lifecycle. It plays a crucial role in ensuring that the right version of an application is delivered at the right time and place with minimal disruption to end-users. As part of Configuration Management under Application Lifecycle Management in Software development, Release Management focuses on the orchestration of various processes such as build automation, deployment, testing, and release tracking. It helps organizations maintain consistency across different environments and ensures that changes are thoroughly tested before being deployed to production. By implementing effective Release Management practices, teams can reduce risks, improve collaboration, and accelerate the delivery of high-quality software.