Question

Difference between product life cycle and process life cycle

Answer 1

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

Answer 2

Answer:

The stages of the product life cycle are development, introduction, growth, maturity, and retirement. These phases are sequential and do not overlap. The project life cycle can be a part of one or more phases in the product life cycle. In the development stage, you will generate the idea and create the product.