RHEL / CentOS 6.x KVM Virtualization Installation and Configuration Guide

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How do I setup and manage a virtualized environment with Kernel based Virtual Machine (KVM) in CentOS or Red Hat Enterpise Linux version 6 server on IBM server? Can you provide step-by-step commands of how to install and manage Virtual Machines (VMs) on a physical server using KVM for RHEL/CentOS version 6.4?