Ch2Asn_Rob Stevens

Ch2Asn_Rob Stevens - Rob Stevens Ch2 Assignment January 28,...

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Rob Stevens Ch2 Assignment January 28, 2010 Review Questions 1-15 1. A project life cycle is the six phases together in a prescribed order that will facilitate better control and communication when project teams divide the plan. It is used by giving the team and management good places to take snapshots of how the project is forming. This includes what specific work to do in each phase, definition of each phase’s outcomes (deliverables), the integrated change control process that is used, the resources that are involved with each deliverable and the criteria that need to be met in order to complete each phase. 2. A product life cycle is the stages every product goes through from its introduction to exiting the market: (1) introduction, (2) growth in sales revenue, (3) maturity, during which sales revenue stabilizes, and (4) decline, when sales revenue starts to fall and eventually vanishes or becomes too little to be viable. As a product moves through these stages, it’s pricing, promotion, packaging, and distribution are re-evaluated and changed if required to prolong its life. 3. The differences between these two is that 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 in order to complete to finish the project. This means that the stages in the product life cycle can be 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. The similarities are that they both have starting process to gather ideas, facts, and other information regarding the general overall idea or concept, and the end stages are similar in that there should be evaluations and last minute touch-ups for both when closing the project or the product reaches its end of life. 4. The integration of project and product life cycles should work like this: at a particular stage of the project, one must test the product (after prototyping/developing) and at this stage there may be changes by the product or customer and will need to make the necessary changes in the project’s execution stage. There is software to handle project alignment with business strategy like Microsoft project, which allows for iterative changes in the project process and adapt to these changes both inside and outside the boundary. 5. The systems approach is the process of examining a problem or issue by first understanding its
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This note was uploaded on 02/20/2011 for the course BISM 4800 taught by Professor Dr.g. during the Spring '11 term at Fairmont State.

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Ch2Asn_Rob Stevens - Rob Stevens Ch2 Assignment January 28,...

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