What is the purpose of 'User Management (alerts)' available on project management?

What is the purpose of ‘User Management (alerts)’ available on project management ?

@tushar.jain could you answer this?

@Amanaggarwal , @Mayank : Please answer this one.

We can create a user and group of users in user management, which can be bound in the v-scheduler or v-monitor for alert purposes.

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