Life cycle
Life cycle is a series of changes an item or object undergoes from inception to retirement
Definitions
According to the BABOK Guide (3rd edition),
- Life cycle. A series of changes an item or object undergoes from inception to retirement
According to the Corporate Strategy by Lynch (4th edition),
- Life cycle. Plots the evolution of industry annual sales over time. Often divided into distinct phases – introduction, growth, maturity and decline – with specific strategies for each phase.