project and product life cycle

although the pmp and capm exams will be testing your knowledge of project management, it is possible that you will be asked the difference between a project life cycle and the product life cycle. the project life cycle consists of the defined project phases which are usually identified and documented within the organization’s project management methodology. dividing the project into phases allows for increased control by the organization. project life cycles will vary based on the industry, the organization, or even the type of project that is being conducted. generally speaking, staffing levels and costs are low at the beginning of the project life cycle and then peak during the middle.

the project will have six phases, based on the company’s project management methodology: analysis, design, development, test, launch, and close. the project will be developed iteratively and there are deliverables required for each phase. regardless of the product, the product life cycle has the same sequential, but non-overlapping phases: a project undertaken to build a new cell phone is only a piece of the product life cycle. the project life cycle would encompass the actual building of the new phone, but once the phone is complete, it is released to operations for sales and marketing and order fulfillment. as technology advances and consumer preferences change, the cell phone will mature, decline and eventually be retired. the product life cycle does not differ regardless of the type of product, has sequential but non-overlapping phases, and may include multiple project life cycles.

many think both project life cycle and product life cycle are one and the same. in simple terms, product life cycle describes the stages a product goes through from when it was first thought of until it finally is removed from the market. pmi definition of product life cycle: product life cycle is the series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and retirement.

after the product is produced, the project will come to an end or ceases to exist. project life cycle(plc) is simply the series of phases that a project passes through from its start to its completion. it does not matter what type of product you are building, and what industry the project belongs to, the project management processes are same every where. check the different project management processes, process groups, and knowledge areas.

a project life cycle measures the work that goes into a project from beginning to end. the phases in product life cycle are initiation, planning the product life cycle describes the stages a product passes through from conception to retirement. the stages of the product life cycle are development, the project life cycle differs by industry, organization, project type and encompasses sequential and overlapping phases. the product life cycle does not differ, project phases vs project life cycle, project life cycle phases, project life cycle phases, project life cycle, project life cycle examples.

a project life cycle measures the work that goes into a project from beginning to end. the phases in product life cycle are initiation, planning, execution, and closure. product life cycle describes stages a product go through from its inception until retirement. project life cycle describes phases a project pass from its the project life cycle may involve overlapping phases while the product life cycle involves non-overlapping phases. the product life cycle focuses on the every product moves through a life cycle right from project initiation stage through developing a product till it reaches the end of the, product life cycle project pdf, relationship between product life cycle and project life cycle, what are correct statements about the relationship between the product and project life cycles, product life cycle stages, differentiate between a project life cycle and an extended life cycle, what are the similarities and differences between the product and retail life cycles, why does a project manager need to understand both project lifecycle and product life cycle, characteristics of project phases, difference between project lifecycle and product life cycle in tabular form, project life cycle pmi. what is the relationship between products and project life cycle? what are the five stages of the project life cycle? what is the life cycle of a project? what is the difference between product and project life cycle explain the roles of project manager in aforementioned life cycles?

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