Home EducationSubjectsBusiness Studies Subscribe to RSS

What Is The Difference Between Project And Product Life Cycle?

Answer Question

1 Answer - Sort by: Date | Rating

    A product life cycle talks about the various stages a product goes through before it actually declines on the other hand the project life cycle is the set of activities that you need to complete to finish the project. This means that the stages in the product life cycle are controlled by external factors like entry of competitors, the cost structure, customer response etc but project life cycle is controlled by the one who is carrying it out. All products go through the same stages, some progress quickly while others do so slowly. The steps in the project life cycle can be delayed or skipped but this is not possible in the product life cycle. Generally people try to speed up the project and complete it as early as possible while they try to slow down the product life cycle stages.
    2 0

    Helpful 

    answered 12 months ago

    You answered my question very well. Its a very big help. Thanks
    Report
    Leih

    Leih

    commented 6 months ago

      More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store

        Blurtit International