S no.
|
Product
Life Cycle
|
Project
Life Cycle
|
1
|
Product Life cycle is concerned about, revenue, a Product
Generates in its Life Time.
|
Project Life Cycle talks about Different phases to create
a product.
|
2
|
Product life cycle is a conceptual map, which just shows
the current stage of product at the moment.
|
Project life cycle is all about action and do steps needed
to complete a project with specific targeted results.
|
3
|
Product Life cycle has 5 Sequential , non – overlapping
phases
|
Project life cycle has 5 sequential and overlapping phases
|
4
|
The Five stages of product life cycle are
1)
Development
2)
Introduction
3)
Growth
4)
Maturity &
5)
Decline
|
The Five Stages of Project life cycle are
1)
Initiating
2)
Planning
3)
Execution
4)
Monitoring & Controlling
5)
Closure
|
5
|
Different Projects can be undertaken in the life cycle of
a product.
|
Outcome of the project life cycles are products.
|
6
|
Product life cycle = project life cycle + Maintenance
& Support function.
|
|
¹ Project
Scope is the work
that needs to be accomplished to deliver a product, service or result with
specific features and functions.
¹ Product
scope contains
the Features and functions that characterise a product, service, or result. It
means the requirement that relates to product of the project.
No comments:
Post a Comment