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What is Application Lifecycle Management (ALM) in Finance and Operations apps?

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Answer with Explanation

Application Lifecycle Management (ALM) is a comprehensive approach that manages an application from initial development through deployment, maintenance, updates, and eventual retirement. In Finance and Operations apps, ALM focuses on:

  • Increasing developer productivity

  • Improving collaboration between functional and technical teams

  • Providing transparency and traceability for work items

  • Ensuring quality, stability, and controlled deployments

ALM spans planning, development, testing, deployment, upgrades, updates, and support activities.