With the increasing speed and frequency of software delivery cycles, businesses need a way to effectively manage their software from beginning to end. Application lifecycle management (ALM) addresses that need, overseeing the continuous process of managing the life of an application from initial idea to eventual retirement. It is a superset of SDLC, as SDLC only covers the development phase.
ALM helps organizations to deliver quality releases faster, with compliance and visibility. It also provides an integrated system for development, which improves communication and helps to align IT with business objectives. Many ALM tools have features like version control and real-time planning, which assist team leaders in making decisions and creating a roadmap for the future.