Product Lifecycle Management: Definition, Process & Tools

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question 1 of 3

Product life cycle management is a management strategy for?

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

2. What does the acronym CAD stand for?

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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
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