Description: Lifecycle management (LCM) refers to the process of managing the lifecycle of applications and services, encompassing everything from initial conception to retirement. This comprehensive approach allows organizations to plan, develop, implement, and maintain their systems efficiently. LCM focuses on optimizing each phase of the lifecycle, ensuring that resources are used effectively and business objectives are met. Key features of LCM include strategic planning, resource management, risk assessment, and continuous improvement. The relevance of LCM lies in its ability to align technology with business needs, facilitating innovation and adaptation to market changes. Additionally, LCM promotes sustainability by considering the environmental and social impact of applications and services throughout their lifespan. In an increasingly dynamic business environment, lifecycle management becomes an essential tool for ensuring competitiveness and operational efficiency.
