Policy Management refers to the process of creating, implementing, and maintaining policies within an organization. It ensures that policies are aligned with the organization's goals and comply with relevant laws and regulations. This process involves drafting policies, obtaining approvals, and communicating them to employees. Effective Policy Management also includes monitoring and reviewing policies regularly to ensure they remain relevant and effective. Organizations may use software tools to streamline this process, making it easier to track changes, manage versions, and ensure that all staff are aware of current policies.