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The product life cycle represents the amount of revenue a product generates over time, from its inception to the point where it is discontinued. 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.
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Which statements correctly describe the relationship between the product and the project life cycle?
The company can choose to develop, market, oversee, and then decommission the exercise bike as a single-phase project The project for developing the exercise bike can form part of the product's life cycle
Which statements correctly describe the relationship between the product and the project life cycles?
The company can choose to develop, market, oversee, and then decommission the exercise bike as a single-phase project The project for developing the exercise bike can form part of the product's life cycle
Which statements are true of the relationship between project life cycle stages and phases in a project?
The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases. The stage of carrying out project work does not align with single phase. Many phases may occur during this stage, depending on the nature of the project The project life cycle is made up of all the project phases.
What is the definition of Project Life Cycle?
From initiation/authorization to completion/closure, a project goes through a whole lifecycle that includes defining the project objectives, planning the work to achieve those objectives, performing the actual work, monitoring and controlling the progress, and closing the project after receiving the product acceptance or after cancellation of the project.
Which statements correctly describe the relationship between project life cycle stages and the phases in a project?
All the phases in a project make up its entire life cycle. The stage of carrying out project work does not align with a single phase. The stage of carrying out project work may be divided into many phases, depending on the nature of a project.
What is the difference between the project and appraisal?
The project life cycle differs by industry, organization, project type and encompasses sequential and overlapping phases. 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. Usually the project life cycle is wanted to be shorter but product life cycle longer.
Project management life cycle?
From initiation/authorization to completion/closure, a project goes through a whole lifecycle that includes defining the project objectives, planning the work to achieve those objectives, performing the actual work, monitoring and controlling the progress, and closing the project after receiving the product acceptance or after cancellation of the project. A project management life cycle revolves around the life cycle of a project and the project manager manages the whole project life cycle.
Which statements correctly describe the relationship between the product and the project life cycle?
The company can choose to develop, market, oversee, and then decommission the exercise bike as a single-phase project The project for developing the exercise bike can form part of the product's life cycle
Difference between project life cycle product life cycle?
Product lifecycle that is usually industry specific. while the project lifecycle is sequence of process idintified by industry or organization. FYI, The project MANAGEMENT life cycle is made up of the 44 unique processes grouped by the 5 process groups - initiate, plan, execute, monitor and control and close out.
Product life cycle of dove?
Product life cycle of dove?
How do faddish products differ from normal consumer goods?
Their special product life cycle of quick, dramatic sales and a sharp, drastic decline differs from the five stage product life cycle concept of product development, introduction, growth, maturity, and decline.
Which statements correctly describe the relationships between the product and project life cycles?
The company can choose to develop, market, oversee, and then decommission the exercise bike as a single-phase project The project for developing the exercise bike can form part of the product's life cycle
Which statements correctly describe the relationship between the product and the project life cycles?
The company can choose to develop, market, oversee, and then decommission the exercise bike as a single-phase project The project for developing the exercise bike can form part of the product's life cycle
What is project management life cycle?
The Project Management Life Cycle represents the development phases that a project can go through. An example would be Assess - Code - Test - Release It should not be confused with the Project Life Cycle.
Why does a project manager need to understand project and product life cycle?
A project manager needs to understand both to be able to analyze and distinguish the difference and the appropriate time to use either.
What are the factors that shorten the product life cycle?
factors affecting product life cycle
How does the life cycle of a rabbit differ from a life cycle of a bird?
a bird flys
