Relationship Between Project Life Cycle and Product System Life Cycle Essay

Relationship Between Project Life Cycle and ingathering System Life Cycle - Essay ExampleDue to the uniqueness of each industry, the demarcation of the phases whitethorn vary accordingly and sometime the divisions between the phases may often overlap.A product maybe delimitate as an entity offered in the form of goods or services. A product life wheel evolves through antithetical phases similar to a formulate. The spiral put best describes the product life cycle, which is the most generic form of all. Special product life cycles are considered to be derivatives of this basic model. The key feature of the spiral model is in its risk management. It focuses on low risk strategies, early detection of errors and design flaws and the closely aligns itself with the organic evolution and growth cycle of the product. A product life cycle is often triggered by a demand or opportunity, which leads to the conception, manufacturing, production and deployment of a tangible or intangible a sset. This is then supported or maintained, upgraded as required and retired when obsolete.Although on the surface, a project life cycle and a product life cycle seem similar, in reality each phase of the product life cycle is a project by itself. Each phase of the product derives its input from the end result of the executed project.