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Release Management involves overseeing and coordinating the entire release process, ensuring that all aspects of software development, including build, testing, deployment, and documentation, are properly executed in alignment with business objectives and strategic goals. It plays a crucial role in Application Lifecycle Management (ALM) and is closely related to Source Code Control as it deals with managing different versions of code and other release-related artifacts throughout the software development lifecycle. By implementing effective Release Management practices, organizations can minimize risks, improve efficiency, and ensure timely delivery of high-quality software products that meet user needs and expectations.