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IT Operations Management encompasses the practices and tools used to manage, monitor, and control IT infrastructure and services in an organization. It plays a crucial role in risk management by ensuring the availability, performance, and security of IT resources. By aligning IT operations with software development processes, it facilitates application lifecycle management, enabling organizations to deliver high-quality software products and services while minimizing risks. IT Operations Management focuses on integrating people, processes, and technology to maintain a reliable and efficient IT environment, thus contributing significantly to an organization's overall risk posture.