LCS is a Microsoft Azure-based collaboration portal that provides a unifying, collaborative environment along with a set of regularly updated services that help you manage the application lifecycle of your implementations.
Tools that are provided in LCS. ... Cloud-hosted environments is a tool that you can use to deploy Microsoft Dynamics environments on Azure. When you use Cloud-hosted environments, you must select the type of environment to deploy, such as a demo, developer/test, or production environment.
Lifecycle Services (LCS) for Microsoft Dynamics is a collaboration portal that provides an environment and a set of regularly updated services that can help you manage the application lifecycle of your implementations of the Dynamics 365 Finance and Operations apps.
In your LCS project, on the Microsoft Azure settings page, select Add to add a new connector. Enter your Azure subscription ID. You can find your Azure subscription ID in the Azure portal, under Settings in the lower left of the screen. In the Configure to use Azure Resource Manager field, select Yes.