Product Lifecycle Management: Definition, Process & Tools


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Product life cycle management is a management strategy for?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What year was project life cycle management developed as a management strategy?

2. What does the acronym CAD stand for?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Quickly gauge your understanding of product life cycle management by answering questions in this quiz/worksheet. You will be quizzed on facts about this strategy's development and relevant terms.

Quiz & Worksheet Goals

This assessment tool is designed to check your ability to:

  • Explain what product life cycle management is for
  • Identify the year this management strategy was developed
  • Note what CAD stands for
  • Discuss the benefit of the workflow design strategy
  • Name the creator of the product life-cycle management strategy

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson, such as what the product life-cycle management strategy is used for and who developed it
  • Information recall - access the knowledge you've gained regarding the workflow design strategy
  • Knowledge application - use your knowledge to tell what CAD stands for

Additional Learning

Access the lesson titled, Product Lifecycle Management: Definition, Process & Tools to gain more insight into this topic. The lesson provides:

  • An example of the product life cycle management strategy using the F-15 fighter
  • An explanation as to why this strategy is important for businesses today
  • An outline of the four processes involved in this management strategy
  • Details about tools used in the life cycle management process and various approaches used by different companies