The purpose of the Product Cycle Management Procedure is to document the plan all of your company’s departments that are involved in the many phases of your product’s lifecycle. The Product Life Cycle Management Procedure maximizes profitability, usability, and manufacturability of products throughout their lifespan.
In order to do this, the company should determine the phases that its products or services typically move through during their life. The company should then plan and coordinate activities of various involved departments into a cohesive activity in order to maximize effectiveness and control through the life of a product.
The Product Life Cycle Management Procedure applies to all company departments involved in developing new products and supporting products through their defined life stages. (12 pages, 2010 words)
Product Life Cycle Management Responsibilities:
The Product Manager is responsible for defining the phases of the product life cycle, projecting key facets (i.e. sales, margins) for each phase of the product life cycle, and defining goals and assigning major activities for each phase of the product life cycle. All of these items should be documented on the PM1000-1 PRODUCT LIFE CYCLE MANAGEMENT PLAN.
The Product Manager is responsible for developing and directing their respective departments’ participation in the PM1000-1 PRODUCT LIFE CYCLE MANAGEMENT PLAN and for reviewing the PM1000-1 PRODUCT LIFE CYCLE MANAGEMENT PLAN.
Top Management is responsible for reviewing and approving the PM1000-1 PRODUCT LIFE CYCLE MANAGEMENT PLAN.