Difference between revisions of "Product life cycle"
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According to the [[PMI Lexicon of Project Management Terms]], | According to the [[PMI Lexicon of Project Management Terms]], | ||
:[[Product Life Cycle]]. The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement. See also project life cycle. | :[[Product Life Cycle]]. The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement. See also project life cycle. | ||
| + | According to the [[ASME EMBOK]], | ||
| + | :[[Product Life Cycle]]. The stages that products progress through from development to withdrawal from the market. | ||
| − | [[Category: Project Management]][[Category: Accounting]][[Category:Articles]] | + | [[Category: Project Management]][[Category: Accounting]][[Category:Articles]][[Category: Management]] |
Latest revision as of 09:53, 18 July 2020
Product life cycle is spans the time from initial R&D on a product to when customer service and support is no longer offered for that product.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Product life cycle. Spans the time from initial R&D on a product to when customer service and support is no longer offered for that product.
According to the PMI Lexicon of Project Management Terms,
- Product Life Cycle. The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement. See also project life cycle.
According to the ASME EMBOK,
- Product Life Cycle. The stages that products progress through from development to withdrawal from the market.
