Hi Vishnu,
Please check the below link for clear use of latest solman 7.1
Road Map - https://websmp110.sap-ag.de/~sapidb/011000358700001435482012E.pdf
ALM process- https://websmp202.sap-ag.de/ALM-Process
ALM - https://websmp204.sap-ag.de/ALM
Rkt - https://websmp101.sap-ag.de/rkt-solman
Rg,
Karthik