These terms are not new for me and I've first learned about test management tools from https://www.qacoverage.com/ about a year ago. You don't even acknowledge you need such things until you find them, and even though I'm always very consistent in everything when it comes to testing, I didn't know about these specific tools before, and now I cannot imagine the whole management process without them. Well, we have yet to discover all the benefits test management tools brought us, but one thing is sure, it's worth the investment.