System Lifecycle Management

System Lifecycle Management (SLM) is the process of overseeing a system—from its initial planning and development to deployment, operation, maintenance, and eventual retirement. It ensures the system remains effective, secure, and up-to-date throughout its lifespan. This involves tasks like evaluating requirements, making updates, fixing issues, and planning for replacement when needed. SLM helps organizations optimize performance, reduce costs, and minimize risks by managing all phases systematically. Think of it as a continuous, strategic approach to keep a system functioning well now and in the future.