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Release planning in Kanban methodology is important because it helps teams prioritize and schedule work, set goals, and manage expectations. By breaking down work into smaller, manageable tasks and setting clear deadlines, release planning ensures that the project stays on track and delivers value to the customer in a timely manner. This contributes to the overall efficiency of the project by providing a roadmap for the team to follow, reducing bottlenecks, and improving communication and collaboration among team members.

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