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Product Life Cycle |Different Stages of product life in Hindi | Introduction-Growth-Maturity-Decline
 
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Views: 83546 Intellectual Indies
Product - Development Stages
 
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This video explores the 8 stages of product development. As well, it helps identify what we mean by 'product' and where the development process fits into the Marketing Mix.
Views: 236809 Jason Richea
Life-Cycle Design
 
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See the full course: https://systemsacademy.io/courses/complex-systems-design/ Twitter: http://bit.ly/2HobMld In this section we discuss the process of evolution as a key dynamic within complex engineered systems and central to the design of sustainable technologies as they manage to internalise change and stay evolving over time. Complex systems are inherently dynamic systems meaning they are continuously changing over time, biological systems are a good example of this, the only time they are not engaged in some process of development is when they cease to exist. This is in strong contrast to linear systems that inherently gravitate towards some equilibrium state where they will remain static unless perturbed by some external force. Linear systems theory is the back bone to modern science and engineering that has created our industrial economies, within this paradigm technologies are designed to operate at some kind of normal static equilibrium, within a well known and predefined environment. Their life cycle is a linear one where the system is created, put into its operating environment where it is designed to function within some normal set of parameters, at a stable and static equilibrium. It is, importantly, designed to resist change and to maintain operations within these parameters for as long as possible, before being disposed of. This model works well for simple linear systems like bridges where when we clamp our girders together we want our bolts to stay there, we don’t want them to answer back, to change or grow in anyway. But in complex systems we are not dealing with bolts, we are dealing with components that have some degree of autonomy and capacity for adaptation, people, businesses, stock prices, web applications, smart phones, these thing have their own internal logic through which they adapt to changes within their local environment. Sometimes this logic is very simple, such as some financial algorithm that will automatically sell or buy a stock at a certain price, or sometime it is very complex such as why a person buys a particular item of fashion over another. The net result though is that the system can change and is not determined to follow a linear life cycle from cradle to grave, it can learn, grow and adapt in response to internal and external condition in order to renew itself, that is to become more or less sustainable and thus alter its life cycle. That is all quite abstract so lets take some examples. Most businesses don’t last very long, less than a few decades, there are many reasons why this might be, but one model to capture the underline dynamics of how a business evolves is call the explore and exploit algorithm. In it’s early years a business may explore many different product or services, being able to pivot, remain flexible and diversified, but as the business developed there will be a few product that prove most lucrative and the business may likely scale them up becoming centred around them and developing a more formal structured management system as they leverage economics of scale. The result of exploiting a few lucrative products will be that the company will become more profitable but it has also self organised into a more critical state, some small change in the market that moves against the business’s core product might destroy the enterprise. Now lets take an example of a business that has designed an alternative course of development for itself. Google has since inception generated over 90% of its revenue from its one core service of web search, so why then dose it develop and maintain a whole suit of product that generate relatively little revenue. One theory is that Google knows that in a rapidly evolving market it needs to be where the next great thing is going to happen, whether it is in social media or video sharing, by creating this diversity, by continuing to invest resources gained from exploiting its core service into exploring and generate variety it is able to better evolve and ensure its sustainability. Because markets change, because the climates changes because everything changes to design sustainable systems is to design systems that build change and evolution into their structure. To better understand this process of evolution lets break it down to see how it works. There are just a hand full of key components, we need be able creation of some variety, allow for adaptation and perform selection to see which of the elements are the most adapt to the particular environment. Twitter: http://bit.ly/2TTjlDH Facebook: http://bit.ly/2TXgrOo LinkedIn: http://bit.ly/2TPqogN
Views: 4185 Systems Academy
The Product Life Cycle Explained
 
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Learn more about the Product Life Cycle on the free tutor2u website: https://www.tutor2u.net/business/reference?q=product+life+cycle This short revision video introduces and explains the theoretical concept of the product life cycle.
Views: 159617 tutor2u
Product life cycle in hindi
 
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Thank you friends to support me Plz share subscribe and comment on my channel and Connect me through Instagram:- Chanchalb1996 Gmail:- [email protected] Facebook page :- https://m.facebook.com/Only-for-commerce-student-366734273750227/ Unaccademy download link :- https://unacademy.app.link/bfElTw3WcS Unaccademy profile link :- https://unacademy.com/user/chanchalb1996 Telegram link :- https://t.me/joinchat/AAAAAEu9rP9ahCScbT_mMA
Views: 36337 study with chanchal
The Product Life Cycle
 
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Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 The product life cycle represents a series of stages that products--similar to people--go through over the course of their lives. Marketers use their knowledge of the product life cycle to alter their marketing strategies related to specific products. In this video,​ I'll explain the product life cycle and provide examples of products that fit into each of the stages.
Views: 189351 Alanis Business Academy
Marketing: Product Life Cycle
 
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This video will show you the concept of product life cycle to determining the marketing strategies of various stages of product.
Views: 22760 Kaniz
The Product Life Cycle
 
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My grade 10 business project about different products at different stages of the product life cycle - created at http://animoto.com
Views: 12075 Jonah Preston
Product Life Cycle Assessment and the Environmental Impact |Waterpedia Environmental Learning Series
 
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Learn about the Life Cycle Assessment and the Environmental Impact of products as part of WELS (Waterpedia Environmental Learning Series) SUBSCRIBE to the Waterpedia YouTube channel for new WELS (Waterpedia Environmental Learning Series) video every week. Follow us on: https://www.linkedin.com/company/Waterpedia https://www.facebook.com/Waterpedia https://twitter.com/WaterpediaWiki https://plus.google.com/+WaterpediaWiki Visit https://waterpedia.wiki - a wiki based openly-editable (for all registered users) free-content collaborative environmental encyclopedia project initiated by the people, for the people in the environment and sustainability sector. This video is available under a Creative Commons License: Attribution-NonCommercial CC BY-NC and free to everyone. AV Credits: FuseSchool.
Views: 6987 Waterpedia
What is Product Life Cycle
 
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What is Product Life Cycle? An introduction to the meaning of product life cycle. This is a video by the World Association of Technology Teachers (https://www.facebook.com/groups/254963448192823/) YouTube Video – https://www.youtube.com/watch?v=nIl4zFdovqk For information and worksheets, go to: http://www.technologystudent.com/prddes1/lifecy1.html http://www.technologystudent.com/prddes1/lifewd1.html http://www.technologystudent.com/prddes1/life_energy1.html If you find the information and worksheets useful, consider joining the World Association of Technology Teachers, the only international Design and Technology Association, with both Full Members and Advisor Members, ready to give advice (free to join): Join and follow us on Facebook at: https://www.facebook.com/groups/254963448192823/ Video Channel: https://www.youtube.com/channel/UChMQUTuG1h9P__Ct8Jj3cVg
Views: 794 Vincent Ryan
2.1 Product Life Cycle Design
 
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content: Product environmental effects and requirements Life Cycle Assessment (LCA) Life Cycle Design approach: life cycle functional Product Life Cycle Design criteria
Views: 153 Curitiba Brasil 2
Life Cycle Assessment as part of Strategic Sustainability for Product Design
 
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Sustainability strategist Leyla Acaroglu provides an overview of Life Cycle Assessment (LCA) as part of a strategic sustainability workflow in product design and engineering. This video forms part of a series of introductory tutorials on core concepts in strategic sustainability including; using the Eco Materials Advisor in Autodesk Inventor, introduction to eco-design strategies and life cycle thinking.
Views: 34434 Autodesk
Part II: Design Decisions and the Product Life Cycle
 
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Part 2 in a three-part series exploring the role of green chemistry in circular economy supply chains
The Product Life Cycle - Fundamentals of Design And Manufacturing - Amie - Group - A
 
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For Tech Videos, Check Out This Channel:- https://www.youtube.com/channel/UCWl8y1T3DmQI9ZMwnmOgugw For Section B Videos:- Unacademy:- https://unacademy.com/user/rani.kavita854-2589 Welcome To Amie Made Easy In This Video We will Discuss About Product Life Cycle. Fundamental of Design And manufacturing . Amie Group - A . For Notes Of This Video Visit My Blog - amiemadeeasy.blogspot.com If You Like This Video Please Hit Like Button. Also Share with All So That Every Amie Student Can Get Help For Free. do Subscribe THis channel For MoreVideos,. For Channel Support, If Interested, PayTM:- 8895886268 Watch My Previous Videos- Fundamental of Design And manufacturing Prevous Lectures - https://www.youtube.com/playlist?list=PLADrjVbKQUdyB849Oazj-7VqNlpxHqOtw Fdm - Casting Full Lectures- https://www.youtube.com/playlist?list=PLADrjVbKQUdyEHxp_lyTFKLblCW358dy1 Most Asked Questions From material Science- https://www.youtube.com/playlist?list=PLADrjVbKQUdzn-UA0Jd29MsqpMqnsM2VT material Science - Defects In Solids- https://www.youtube.com/playlist?list=PLADrjVbKQUdxAK732TBdCsJT2QC66a-IZ Material Science - Diffusion In Solids https://www.youtube.com/playlist?list=PLADrjVbKQUdyMrd37JME492iVuYcfc0Na Material Science - crystal Stucture- https://www.youtube.com/playlist?list=PLADrjVbKQUdy-SJCo8mrwp1kf-_y8Fhan Design For Assembly- https://youtu.be/YvsQxOoXHMk Design for manufacturability - https://www.youtube.com/edit?o=U&video_id=umQy_Zo-HAg Standarization- fundamentals of design and manufacturing amie video lecture- https://www.youtube.com/edit?o=U&video_id=Vxraek4X4Fc Design for safety - fundamentals of design and manufacturing amie - section - a https://www.youtube.com/edit?o=U&video_id=Vxraek4X4Fc Ergonomics & Its Human Factors - Fundamentals of Design And manufacturing - Section - A https://youtu.be/Q_elrEytfQc
Views: 3758 Amie Made Easy
Product Life cycle  - Stages of PLC explained with examples
 
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The product life cycle consists of 4 stages. Each stage is explained in detail in this video and there is an example of product life cycle provided at the end.
Views: 25291 Marketing 91
Traditional Product Life Cycle
 
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This video explores the path products take through their lives - Introduction/Birth, Growth, Maturity, and Retirement/Decline. Also it will illustrate what choices need to be made at the Decision Point stage of a product's life.
Views: 65399 Jason Richea
Lecture 06 Product Life-Cycle
 
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Product Life-Cycle Why Product Life-Cycle? The Phases of The Product Life-Cycle?
Product Lifecycle Management
 
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Views: 66595 Malin Lindgren
Product life Cycle - AMIE-AD 301 - Fundamentals of Design and Manufacturing
 
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Product life Cycle - AMIE-AD 301 - Fundamentals of Design and Manufacturing Start Up : New Company or New Product, Low Volume, Small Company. Rapid Growth : Standardization Products and volume increases rapidly Maturation : Different Types of Standard designs emerges process development is very important in this step Decline Or Commodity : Commodity : Long Life, Standard Type Product, Standard Company Decline : Improved Product replaces, Slowly the old Product
Views: 741 Telugu Tech For All
Mech Dose #171-GATE - LECTURE ON COMPUTER AIDED MANUFACTURING/CAM/PRODUCT DESIGN
 
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#gatelecture #CAM #DESIGNPROCESS #GATE In this video lecture i have discussed about the computer aided manufacturing which is a topic in computer integrated manufacturing according to GATE 2019 syllabus. In this video i have discussed 1. what is CAM? 2. what is the full form CAM? 3. what do you mean by CAM DESIGN PROCESS? 4. what do you mean by product design? 5. what do you mean by product manufacturing cycle? This video provide support to engineering students like Mechanical, Mechanical Maintenance, Automobile, production and Aeronautics Mechanical diploma, degree[B.TECH.] AMIE and GATE students. website :- www.learnengineers.com Please like, share and comment below on this video and on our face book page.
Views: 1605 jalees ahmed
Software Development Lifecycle in 9 minutes!
 
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This video will cover the SDLC with specific focus on the software quality assurance testing phase. http://www.testaholic.net/understanding-the-software-development-life-cycle
Views: 375035 Testaholic
The Lifecycle of Clothes | FASHION AS DESIGN
 
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How do garments begin, how do they end, and how does the cycle of production, consumption, and disposal impact the world around us? This week, we take a closer look at the lifecycle of garments, an often overlooked aspect of fashion that many individuals and companies are addressing with growing urgency. FASHION AS DESIGN is a new course by MoMA that explores a selection of garments from around the world—ranging from Kente cloth to jeans to 3D-printed dresses. Each week will begin with a conversation between the course instructors—Paola Antonelli, Michelle Fisher, and Stephanie Kramer—that introduces the themes, items, and questions that we will explore. Sign-up: http://mo.ma/fashionasdesign Subscribe for our latest videos, and invitations to live events: http://mo.ma/subscribe Explore our collection online: http://mo.ma/art Plan your visit in-person: http://mo.ma/visit The comments and opinions expressed in this video are those of the speaker alone, and do not represent the views of The Museum of Modern Art, its personnel, or any artist.  #art #museumofmodernart #moma #museum #modernart #itemsmoma #isfashionmodern #fashionasdesign #lifecycle #sustainability
Product Development Stages in Hindi | New product development stages | Marketing Management | ppt
 
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#YouTubeTaughtMe After watching this video you will get to know what exactly is the PRODUCT DEVELOPMENT STAGE and what are the steps involved in it : - idea generation - idea screening - concept testing - business analysis - product development - test marketing - commercialization Check out my BLOG : http://www.pptwalablog.blogspot.in Reference books for Production and operations management: 1. Production and Operations Management by S. Chary (Author) - https://amzn.to/2qheyi5 *** BEST ONE *** 2. Production and Operations Management by Panneerselvam (Author) - https://amzn.to/2GL3rJ5 3. Modern Production / Operations Management 8ed - by Buffa (Author) Sarin (Author) - https://amzn.to/2uWe2LV 4. Production and Operations Management by Kanishka Bedi (Author) - https://amzn.to/2qfbQKK IF ANYONE INTERESTING IN JOINING MY TEAM IN MAKING PPTs, HE/SHE CAN JOIN MY TEAM MY NUMBER IS 9716663769 (WhatsApp only). ----------------------------------------------------------------------------------------- TAGS: new product development process stages and successes BBA/MBA/BCOM product design and development stages product planning and development stages stages in product development and manufacturing product design and development stages pdf stages of a product development process product development process best practices product development process business analysis product development process business product development process benefits product development cycle chart product development process commercialization product development cycle stages new product development process case study new product development process checklist product development process flowchart product development process definition product development process diagram product development process design product development life cycle definition new product development process definition r&d product development cycle product development process examples product development cycle examples product development process explanation new product development stages example product development process steps example new product development process example pdf product development life cycle examples product development process flow product development stages idea generation new product development stages in marketing new product development stages idea generation product development and its stages product development life cycle ppt product development life cycle pdf product development lifecycle process product development process model product development cycle model product development process meaning product development process management product development process new product new product development stages pdf new product development stages ppt product development process of apparel product development process of food stages of product development process stages of product development cycle five stages of product development process example of product development process definition of product development process importance of product development process types of product development processes flowchart of product development process diagram of product development process ppt of product development process product development process pdf product development cycle pdf product development cycle ppt product development process quotes product development process questions product development quality process product development process risks product development process research new product development process report product development process slideshare product development process software product development process step new product development seven stages product development process for service product development process template product development process tools product development process types new product development process test marketing new product development process uk product development process with example product development process with diagram product development life cycle with diagram new product development steps with example product development process youtube 4 product development stages 4 stages of new product development product development process 5 steps food product development stage 5 5 stages of product development process product development 6 steps food product development stage 6 new product development 6 stages 6 product development process iphone 6 product development process product development 7 steps 7 product development process 7 stages of food product development product development 8 stages product development process 8 steps 8 stages of product development process 8 product development process 8 step product development process 8 stages of product development pdf 8 stages of new product development pdf 9 product development stages 9 stages of new product development
Views: 31420 Sonu Singh - PPT wale
PLM - Product Life Cycle Management
 
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Watch an animation on PLM - how everything is based on itemized products. Product life cycle management starts already when you are designing a new product. PLM is essential for an excellent order - delivery chain, and beyond, all the way to after sales, re-use and recycling!
Product Design (KS5) - 'Product Life-Cycle Curve'
 
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An excellent video that explains in detail the 'Product Life-Cycle Curve'.
Views: 794 PHSTechDept
Part II: Design Decisions and the Product Life Cycle
 
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This is Part 2 of UC Berkeley's 4 part mini-series: The Role of Green Chemistry in Circular Economy Supply Chains. The Berkeley Center for Green Chemistry (BCGC) and the Laboratory for Manufacturing and Sustainability (LMAS) will look at the roles of design, material selection, and green chemistry in enabling circular economy supply chains. The session will consist of a 2-min explanatory video followed by a panel discussion with experts from the UC Berkeley ecosystem. Join us to learn more about how design decisions have impacts and consequences throughout the entire product life cycle! https://www.thinkdif.co/big-top-tent-sessions/the-role-of-green-chemistry-in-circular-economy-supply-chains-2
Views: 101 UC Berkeley Events
Product Lifecycle Management | PLM | SoftExpert
 
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SoftExpert PLM - https://www.softexpert.com/solucao/product-lifecycle-management-plm/ - is an affordable, easy-to-use, and web-based Product Lifecycle Management (PLM) software that allows companies to manage the entire lifecycle of a product efficiently and cost-effectively, from conception, design and manufacture, through service and disposal. SoftExpert PLM software can leverage data from across the enterprise to help managers make better decisions about product development, management, design, and production. It enhances the optimization of every step of the product lifecycle, creating higher quality products, launching new products The solution provides a complete data management system that allows users to assign all of the data necessary to describe design, manufacturing, purchasing, quality/test, and service aspects of product records. Product data can be defined by any product object (parts/components, documents, Bill of Material [BOM], machines/instruments, costs, characteristics, etc). SoftExpert PLM software manages all product revisions and provides a complete audit trail detailing all historical changes. With SoftExpert software for Product Lifecycle Management, companies can promote tight integration with their ERP system and CAD software, providing timely and transparent access to the most important product information (assemblies, parts, drawings, etc.), tracking engineering changes, and maintaining the appropriate relationships between the CAD design objects and the product structure. IT managers can take advantage of their current and future CAD tools without having to make sacrifices by committing to a single CAD system.
Views: 2190 SoftExpert Software
Product Life Cycle | Product Design and Development | Production Management
 
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Topic Includes: *Product Life Cycle *Product design and Developement Join our Whatsapp Group: http://bit.ly/CT_whatsapp The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed from the market. Not all products reach this final stage. Some continue to grow and others rise and fall. Product design. Product design as a verb is to create a new product to be sold by a business to its customers. A very broad coefficient and effective generation and development of ideas through a process that leads to new products. For More Subscribe now... http://bit.ly/collegeprotutor All notes and videos Visit our website: http://collegetutor.net Please Support Us(because a lot of hard work goes in making these videos) Donate us here: thank you :) https://www.patreon.com/collegetutor For notes: Check our website http://collegetutor.net or mail us on [email protected] or Comment below Check our facebook page: https://www.facebook.com/collegeprotutor Follow us on Instagram: https://www.instagram.com/collegeprotutor mail us for any queries: mailto://[email protected] Show us your Support and Love :) Paytm: 8800302039
Views: 208 College Tutor
Lean Product Development — Michael Fisher
 
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Michael Fisher explains how User-Centered Design, Lean Startup and Agile Development practices combine to create the best chances for a successful product. Speaker: Michael Fisher, Senior Product Manager, Pivotal Labs
Automotive design: the life cycle for inspiration | Laurens Van den Acker | TEDxSaclay
 
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What if the new design identity was based on the idea of the human life cycle? Since 2010, Laurens van den Acker’s design strategy has reflected six major stages of our lives: love, exploration, family, work, leisure and finally the wisdom that comes with these experiences. Symbolised by a six-petaled flower, the strategy drives the enterprise towards new strategy. Laurens van den Acker is a highly recognized automobile designer with an established international background. He has been Director of Design within the Renault Group since 2009. Laurens expressed his vision through the creation of six concept-cars representing the diversity the Renault Group has to offer and thus renewing the complete range of their standard vehicles. In 2016, at the International Automobile Festival (IAF) Renault Talisman, the premium sedan in the D segment, was elected “most beautiful car of the year” by the public. Since then, at the world car show in Paris, TreZor, a concept-car, was awarded three European prizes. Personally, Laurens van den Acker was awarded the IAF prize, GQ France and the ”Auto Car designer of the year 2016”. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 4873 TEDx Talks
Sustainable Design: Life-Cycle Thinking
 
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Sustainable Design involves a systems approach and consideration of the entire life-cycle of the innovation. There are three critical phases in the life-cycle of an invention where environmental impact should be considered: Supply Chain (sourcing, manufacture, and distribution), Product Use, and End-of-Life. This video explains this life-cycle approach to sustainable design and shows how three ventures applied these principles in their business model and product design.
Views: 1647 VentureWell
The Product Life Cycle Explained
 
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http://www.woltersworld.com The product life cycle explained Introduction phase, growth phase, maturity phase and decline phase. The life of a product in a simple business marketing video. Filmed in Milan, Italy Copyright Mark Wolters 2008 & 2012
Views: 13629 Wolters World
Product and Service Design
 
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Provides introduction to product and service design. Includes, - design process from idea generation to actual production - legal, ethical & environmental issues - product life cycle - standardization - reliability - concurrent engineering - Kano model - service design
Views: 12106 Bharatendra Rai
Intro to Marketing: New-Product Development and Product Life-Cycle Strategies - Flipped Classroom
 
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Intro to Marketing: Chapter 7: New-Product Development and Product Life-Cycle Strategies By Mr. Tan Teck Ming (Terence Sobbez Tan) Taylor's University (Lakeside Campus) Taylor's Business School Collaborative Research Project with: Mr. Liew Tze Wei (Multimedia University)
Views: 46370 Terence Sobbez Tan
New Product Development and Product Life Cycle
 
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This Lecture talks about New Product Development and Product Life Cycle.
Views: 1496 cec
The Lifecycle of Medical Devices from Idea to Market
 
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Course Description: Overview of the different steps of a typical medical device lifecycle from idea to market. This course provides a roadmap of the different steps involved in bringing a device to market and how to ensure continuous improvement of a product. Learn more at: http://www.wmdo.org//course-detail.aspx?id=87
Views: 2202 WMDO
Medical Device PLM   Design Control
 
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Learn why PLM is important for Medical Device companies and how Minerva's Medical Device PLM solution can help. This video focus on Design Control
Views: 1005 MinervaPLM
Amazon Product Lifecycle Big Picture
 
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Amazon Ranking Syste, product Ranking.. More in the Insiders: https://m.me/277761506067494?ref=w1960131
Views: 591 Tony & Vik
PLCM: The Fifth Stage of Product Life Cycle Management
 
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http://www.driveyoursuccess.com This video explains the five stages of product life-cycle management and why companies must pay close attention to the fourth decline stage of a product's life in its market.
Views: 2787 Ian Johnson
Product management vs Project management vs SDLC | Comparison and Relationship
 
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We will look into the relationship and difference between product life cycle management, project life cycle management and SDLC (Software Development Life cycle management) with a simple example in this video. First we will try to define, life cycle phases and major focus of each of these. Product management: Product life cycle management is the process of managing the entire life cycle of a product from inception, through engineering design, and manufacture, to service and disposal of manufactured products. Generally Product life cycle management has the following phases. Idea generation Idea Screening Business Analysis Product Development Test Marketing Commercialization Evaluate and refine Major focus of product life cycle management is, the features and functionalities of the product that it offers to the customers. Now we will look into Project management. As per Project management institute (PMI), Project can be defined as a temporary endeavor undertaken to create a unique product, service, or result. the temporary indicates the project has a define start and end time. Project management can be defined as the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. As per PMI, project management has five process group or phases as follows. Initiating, Planning, Executing, Monitoring and Controlling Closing. The main focus of project management is, to ensure the deliverable are meeting the requirements. Let's move on to SDLC life cycle management. SDLC can be defined as a process for planning, developing, testing, and deploying an information system. SDLC management deals with this managing the process associated with SDLC to build the IT system. Generally it has following 5 phases and according to the selected methodology these phases may or may not overlap. Requirements gathering Design Development Testing, and Implementation Major focus of SDLC management is, to build the system according to the specifications. Let me connect the product, project, and SDLC life cycle with a simple example. Lets imagine a scenario where company XYZ wants to launch a new online web store that helps the merchants to sell their products online. As a first step The XYZ company will start with the initial process of product life cycle management, idea generation, idea screening and business analysis are been performed and business cases are produced to support the launch of the online store. Now the company will start a new project for developing and launching the site. At this stage, the first phase of the project Initiation will be kicked off and project charter, stake holder register will be created. At the time project planning phase, SDLC life cycle starts. Also during the project planning phase, Software Development Methodology (SDM) will be chosen to implement the SDLC process and the software development starts. Normally entire SDLC will be contained in planning, execution, monitor & control phases of project life cycle. I would like to mention one point here. we can't exactly define at what phases of project management life cycle, the SDLC process will fit in, as the SDLC process might or might not overlap based on the selected software development methodology. So here I made an assumption of water fall SDLC methodology is followed. System development and launching process will start either at the planning, or slightly before that, and go through the execution and finishes at the monitoring and control phase. At this stage, SDLC life cycle ends. Next phase of the project is the project closing phase where the required documents will be submitted and the project will get closed formally. Though the project is closed here, still the product life cycle continues here. Product evaluation and refining is a continuous process and the product will be evolved further based on the customers feed back or through some analysis. Lets say, the company wants to roll out a mobile version of the application to the market. At this point of time one more project will be started and will continue the same cycle as mentioned above. So in a nut shell, a product life cycle will have many project life cycles and SDLC will be a part of the project management life cycle.
Views: 5014 Kavin Kumar
201 - Product Design and Life Cycle Management
 
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Download Link is given below : https://drive.google.com/file/d/0B1z_c_LzNaIbNnJWcHRuaEc0OGs/view?usp=drivesdk