This document summarizes a workshop on application lifecycle management (ALM) and how it can be integrated with product lifecycle management (PLM). The workshop discusses challenges with current ALM solutions, proposes using a single PLM system for configuration management of both mechanical and software content. Key topics discussed include source code vaulting, integrating development tools, requirements management for different content types, and configuration management challenges with fast changing software. Next steps proposed include creating an ALM special interest group and developing Aras' ALM solution to address these challenges.