Figure Software Product Life Cycle

Market

Development

Market Maturity

Growth

Months

Production

Ramp

Market

Development

Market Maturity

Growth

Months

Finally, the relationship between the development and product life cycles is graphically represented in Figure 5-8. This relationship is critical to keep in mind as the project manager works through the product development process. In the product world, the product life cycle drives decisions and investment. Only the investment part of the software development life cycle is important to product managers planning product portfolios.

Figure 5-8. Software Product and Development Life Cycles

Figure 5-8. Software Product and Development Life Cycles

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Project Selection Models

Selection of projects is a key business process and is essential to the ongoing economic health of the organization. This process involves the project managers, product line managers and business unit executives, and all the stakeholders in and out of the business organization. Getting the correct set of stakeholders involved in project selection and definition is critical to the ultimate project development success. Figure 5-9 shows the relationship among all the main entities.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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