This framework represents the change occurring within IT to become more value driven for the business and faster at delivering. This is sometimes called "Lean IT", where Lean principles are applied to IT functions.
The stages of the ALM lifecycle include Plan, Build Release and Operate.
In the following graphic, notice how the ITIL framework factors into the ALM lifecycle
and both frameworks match up, although many ITIL processes will see a reduction in manual effort and prominence as activities are automated. The service management frameworks include Service Strategy, Service Design, Service Build, Service Transition, and Service Operations.
You can also look at this from a Microsoft ecosystem, specifically cloud-centric. This framework includes Microsoft technologies, VSTS, Operations Management Suite (OMS), and Dynamics 365, as well as, a non-Microsoft technology, ServiceNow.
The technologies of Dynamics 365
enables the rate of movement as well as the confidence that is necessary to deliver on modern IT and increase the cadence of the entire circle of the IT lifecycle.