Just as the phases in the project management life cycle overlap, so do the project management and product life cycles.

Question

Quizplus · Accepted Answer

The project management and product life cycles are interconnected and often overlap throughout the course of a project. The project management life cycle includes initiating, planning, executing, monitoring and controlling, and closing phases, while the product life cycle consists of development, introduction, growth, maturity, and decline stages. Effective project management requires understanding and managing the product life cycle to ensure the project delivers a successful product to the market.

Just as the Phases in the Project Management Life Cycle