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Software Configuration Management refers to practices, tools and methodologies for managing changes to software throughout its lifecycle, with a focus on version control and build automation. In the context of Application Lifecycle Management and Dev Ops, it plays a crucial role in ensuring that all stakeholders have access to the latest versions of code, reducing errors and increasing efficiency in the development process. It enables teams to track changes, compare revisions and rollback to previous versions if needed, while also automating builds and deployments for consistent and reliable releases.