What is life cycle management. The project management life cycle reveals the unique method 123 project management methodology by defining the phases activities and tasks required to complete a project. It asset life cycle managementitalm is a core process of it asset managementitam. Product life cycle management is the application of different strategies to meet market challenges and ensure that whichever of the product life cycle stages a product may be going through the manufacturer can maximize sales and profits for their product. Life cycle management implementation management and oversight by the designated program manager pm of all activities associated with the.
The conditions in which a product is sold advertising saturation changes over time and must be managed as it moves through its succession of stages. Life cycle management and product support a guidance on life cycle management the secretary of defense shall issue and maintain comprehensive guidance on life cycle management and the development and implementation of product support strategies for major weapon systems. The air force life cycle management center aflcmc headquartered at wright patterson afb is one of six centers reporting to the air force materiel command. As employed in information technology management it is a process for administering system software hardware and support over the life of a system.
Product life cycle management plm is the succession of strategies by business management as a product goes through its life cycle.