What are correct statements about the relationship between the product and project life cycles?

What are correct statements about the relationship between the product and project life cycles?

by Kaamila Tahseen , Change Management Team Manager , cognizant technology solutions
7 years ago

Project life cycle is divided into project phases. As per pmp project life cycle is divided into5 phases. Initiating Planning Executing Monitor n control Closing

What are correct statements about the relationship between the product and project life cycles?

PROJECT LIFE CYCLE IS THE WHOLE OF THE GAME AND PHASES ARE THE SMALL BITS OF THE COMPLETE BODY ........................   I WOULD SAY PHASES ARE THE BREATHING OF THE PROJECT .  GOOD DAY MR. ALEX

What are correct statements about the relationship between the product and project life cycles?

by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society
7 years ago

The Project Life Cycle is the sum of the lead times on the entire project, in other words, the project from start to finish.  

Project Phases are the individual "steps" or portions that make up the project life cycle.  (Final Assembly, Sub-Assembly etc.)

What are correct statements about the relationship between the product and project life cycles?

by LABIB KOOLI , Quality Assurance Manager & Training Consultant , Tunisian Vocational Training Agency (ATFP)
7 years ago

The project life cycle = The complete project phases 

What are correct statements about the relationship between the product and project life cycles?

by Vinod Jetley , Assistant General Manager , State Bank of India
7 years ago

The project life cycle defines the phases that connect the beginning of a project to the end of the project.

The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently plan and organize resources for each activity, and also objectively measure achievement of goals and justify their decisions to move ahead, correct, or terminate. It is of great importance to organize project phases into industry-specific project cycles. Why? Not only because each industry sector involves specific requirements, tasks, and procedures when it comes to projects, but also because different industry sectors have different needs for life cycle management methodology. And paying close attention to such details is the difference between doing things well and excelling as project managers.

What are correct statements about the relationship between the product and project life cycles?

by Wolf Klaas Kinsbergen , Managing Director, Designer , ingenieursbureau KB International NV
7 years ago

Only beautiful answers to vote up, thank you

by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
7 years ago

Life cycle is collection of phase, one project is expected to have multiple phases else they do not get value from life cycle for managing projects progress and focus.

What are correct statements about the relationship between the product and project life cycles?

The combination of project phases is the project  lifecycle .

What are correct statements about the relationship between the product and project life cycles?

by Ali Waqas Bhatti , Electrical Engineer , Lakson Group of Companies
7 years ago

As per Me , There are different steps while completing A Project , These steps are the phases , which are covered one by one , At the end , these all steps or phases Make A Cycle.

Moreover , When a cycle is completed , we can Graph all the phases involved in it at each and every point either we can initiate any single phase at whatever point we want .

Dear Alex , its only according to My Knowledge , Correction is always needed !

Good Luck !

What are correct statements about the relationship between the product and project life cycles?

Projet life cycle is the series of project phases that a project passes through from it's initiation to its closure. as PMBOK fifth edition Page38 Chapter2

so Project life cycle consists of multiple project phases in which each phase has its own life cycle starting from phase initiation up to phase closure.

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What is the relationship between product and project life cycle?

The Project Life Cycle may involve overlapping phases while The Product Life Cycle involves non-overlapping phases. The Product Life Cycle focuses on the product. On the other hand, The Project Life Cycle focuses on the project. The Product Life Cycle depends on market conditions and needs.

Which of the following is the correct relation between project phases and project life cycle?

The combination of project phases is the project lifecycle .

What is the difference or similarity between project lifecycle and product life cycle?

A project life cycle measures the work that goes into a project from beginning to end. The phases in product life cycle are initiation, planning, execution, and closure. During initiation, a business case and goals are created, and resources are assigned.

How can you identify a phase in a project?

The Project Management Institute (PMI) identifies four major phases of a project as characteristics of the project life cycle. These four life-cycle phases are initiation, planning, execution, and project closeout. The knowledge, skills, and experience needed on the project can vary in each phase.