diff --git a/Makefile b/Makefile
index ff701349..f3d9c2a6 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 # Current Operator version
-VERSION ?= v0.3.1
+VERSION ?= v0.3.2
 REGISTRY ?= tmaxcloudck
 
 # Image URL to use all building/pushing image targets
diff --git a/config/release.yaml b/config/release.yaml
index d8b3ed7d..b8efbbb5 100644
--- a/config/release.yaml
+++ b/config/release.yaml
@@ -82,7 +82,7 @@ spec:
       containers:
       - command:
         - /controller
-        image: tmaxcloudck/cicd-operator:v0.3.1
+        image: tmaxcloudck/cicd-operator:v0.3.2
         imagePullPolicy: Always
         name: manager
         resources:
@@ -161,7 +161,7 @@ spec:
       containers:
         - command:
             - /blocker
-          image: tmaxcloudck/cicd-blocker:v0.3.1
+          image: tmaxcloudck/cicd-blocker:v0.3.2
           imagePullPolicy: Always
           name: manager
           resources:
diff --git a/docs/development/release.md b/docs/development/release.md
index 11d955dc..26da933b 100644
--- a/docs/development/release.md
+++ b/docs/development/release.md
@@ -3,11 +3,9 @@
 ### Before Release
 1. Update `Makefile`
     - Update `VERSION ?= <to-be version>`
-2. Update Installation Guide
-    - Update `docs/installation.md`'s `VERSION=<to-be version>`
-3. Re-generate manifests
+2. Re-generate manifests
     - `make manifest`
-4. Bump the version via Pull Request  
+3. Bump the version via Pull Request  
    (Refer to [the link](https://github.com/tmax-cloud/cicd-operator/pull/152))
 
 ### Release
diff --git a/docs/installation.md b/docs/installation.md
index b6547340..9bc71912 100644
--- a/docs/installation.md
+++ b/docs/installation.md
@@ -13,8 +13,7 @@ This guides to install CI/CD operator. The contents are as follows.
 ## Installing CI/CD Operator
 1. Run the following command to install CI/CD operator  
    ```bash
-   VERSION=v0.3.1
-   kubectl apply -f https://raw.githubusercontent.com/tmax-cloud/cicd-operator/$VERSION/config/release.yaml
+   kubectl apply -f https://raw.githubusercontent.com/tmax-cloud/cicd-operator/master/config/release.yaml
    ```
 2. Enable `CustomTask` feature, disable `Affinity Assistant`
    ```bash