Management product life cycle checklist

The management product life cycle is the process that organizations use to manage their products from inception to retirement. It includes the activities of product planning, development, launch, and post-launch. The management product life cycle helps organizations to optimize their resources and manage risks associated with product development and commercialization. Product planning is the first stage of the management product life cycle. 

• (1) Adjusting the product based on feedback.

• (2) Retiring the product.

• (3) Define the product lifecycle stages.

• (4) Determine the key deliverables for each stage.