what impact could the product life cycle have on the selection of the project organizational structure
Answers
Answer:
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Explanation:
While organization is necessary for success, the structure can influence the project management process. A company's organizational structure may dictate the level of project management, who makes ultimate project decisions, the communication of project goals and tasks and how the project manager works with his team.
Answer:
A new product's development could be thought of as a distinct project. Because of this, linking the project's production to the final product may result in a number of alternative relationships. The performance of the firm depends on how well the product cycle and project organisational structure are balanced.
Explanation:
Product Lifespan Management (PLM) is the process used in business to manage a product's whole lifecycle, from conception to engineering, design, production, servicing, and disposal of manufactured goods.PLM integrates people, data, processes, and business technologies to give businesses and their extended organisations a solid foundation for product information.
The product life cycle has four stages:
- Introduction
- Growth
- Maturity
- Decline More ...
Creation and Introduction of Products
Customers are made aware of a brand-new product on the market. At this point, there is little to no demand for the product, which limits output. It's important to remember that many goods never even make it through the stage of development and launch. A product with no market demand is the primary reason why businesses fail, according to a survey of startup failures by CB Insights.
Growth in Product
Reaching this point indicates that the product is gaining popularity. Since it is no longer merely a prototype, more of them may be produced, sold, and introduced to the market. An opportunity is also created as a result of the increased distribution as a result of the increased demand.to reduce costs while raising unit sales and profitability to reduce costs while raising unit sales and profitability.
Product Development
In order to preserve a competitive edge when the product faces competition from other similar offers, its price may need to decrease. While focusing on distinguishing the product from competing products, the corporation increases the distribution of the product to make it widely accessible to customers.
Product Depreciation
The product's consumer demand starts to fall. As more recent and superior items hit the market, the product can be becoming outdated. Or perhaps shifting preferences and behaviours are leading customers to different product categories.
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