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Release Management involves coordinating, planning, and controlling the build, testing, and deployment of releases for software applications and systems. It ensures that all stakeholders are aware of what is being released, when it will be released, and what to expect from each release. In the context of Application Lifecycle Management and Continuous Deployment, Release Management focuses on automating the release process to reduce errors and accelerate time-to-market. By integrating with other ALM tools and processes, Release Management can help ensure that releases are thoroughly tested, properly documented, and deployed smoothly to production environments.