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

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

The product life cycle phases do not overlap while the project phases may overlap. Phases generally occur only once in the product life cycle while in the project life cycle phases may repeat. Phases are sequential in the product life cycle, while in the project life cycle phases may or may not be sequential.

What is the difference between the project life cycle 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 planning, the team researches solutions to reach the project goals and creates a plan and timeline to complete the project.

Which statements best represent the relationship between a project’s processes and its organizational process assets and enterprise environmental factors?

What statements best represent the relationship between a projects processes and its organizational process assets and enterprise environmental factors? existing organizational process assets can be tailored for use in a specific project. Enterprise environmental factors typically constrain a projects processes.

What are the characteristics of a project phases?

Characteristics of the Project Life Cycle

• The Initiation Phase: Starting of the project.
• The Planning Phase: Organizing and Preparing.
• The Execution Phase: Carrying out the project.
• The Termination Phase: Closing the project.

Which statements describe PMI and its role in the project management profession?

Which statements describe PMI and its role in the project management profession? -PMI sets standards and provides information for project managers. -PMI provides certification for project managers. -PMI is the leading association for the project management profession.

Why do project managers need to understand project and product life cycle?

Every project or product has certain phases of development from the beginning to the end. Understanding each concept and having knowledge about its use will help the project management practitioners to integrate both into their business processes with maximum effectiveness.

What are the similarities and differences between product and retail life cycles?

a. Similarities. The retail and product life cycles are similar in that they consist of four stages over which market share and profit (from sales) are matched. In the first stage of each life cycle, new retail forms or products enter the market.

What is Product Life Cycle examples?

The home entertainment industry is filled with examples at every stage of the product life cycle. For example, videocassettes are gone from the shelves. DVDs are in the decline stage, and flat-screen smart TVs are in the mature phase. Nintendo is a good example of a company that manages its product life cycle well.

What tasks might you carry out in the monitoring and controlling process group?

Purpose of Monitoring and Controlling Process Group

• Controlling changes and recommending corrective or preventive action.
• Monitoring activities against the plan.
• Influencing the factors that could circumvent integrated change control or configuration management so only approved changes are implemented.

What are the outputs of the initiating process group?

The two outputs from initiating process group processes necessary to start planning are the project charter and the stakeholder register. These two documents provide the starting point for planning a project.

What is project life cycle and write the characteristics of project life cycle in detail?

The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets. The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure.

What is project life cycle?

The Project Life Cycle refers to the four-step process that is followed by nearly all project managers when moving through stages of project completion. This is the standard project life cycle most people are familiar with. The Project Life Cycle provides a framework for managing any type of project within a business.

What are the five stages of the product life cycle?

1. Product inception and development 2. Market Introduction 3. Market Growth 4. Market Maturity 5. Sales Decline What are the five stages of the product life cycle in order? Which of the following statements are true about the relationship between the product and the project life cycle? 1. It includes work specific to it 2.

How to identify a phase in a project?

In which 5 ways can you identify a phase in a project? The product passes through phases sequentially until it is reviewed by the customer at the end of the project. Product scope, time, and cost are determined during the planning phase at the beginning of the project and change very little throughout the remainder of the phases.

What does match the components with the concept mean?

Match the components with the concept it can be defined as for the project life cycle. Match the components with the concept it can be defined as for the process groups. True or false: planning and executing processes are repeated throughout each phase until the work is done.

How are product scope and cost determined in project management?

The product passes through phases sequentially until it is reviewed by the customer at the end of the project. Product scope, time, and cost are determined during the planning phase at the beginning of the project and change very little throughout the remainder of the phases.