Product Life Cycle Management – Paradigm of Innovation, Collaboration and Achieving Strategic Outcomes

  Product Management  

Products fulfil diverse human needs and enable individuals, organizations and governments to conduct a wide range of activities. The process of identifying the need for a product, designing and developing it, and managing its life cycle often involves multiple projects and multidisciplinary teams.

This article examines the collaborative interaction between the domains of product design, product management and project management in the context of product life cycle management. The discussion highlights how systems thinking, design thinking and critical thinking approaches contribute to identifying needs, designing solutions and managing product development processes.

The article further explores how coordinated collaboration between product design, product management and project management teams supports strategic organizational objectives and successful product outcomes. The analysis draws on professional experiences across diverse industries and global contexts and emphasises the importance of cross-functional collaboration and trans-disciplinary approaches in contemporary product development environments.

1. Introduction
Society consumes products that fulfil human needs, and individuals, organizations and governments work with products to conduct different tasks. A product may be a system, a scheme, software, an application, a built environment structure or any …

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