Product Management Lifecycle | Four Stages Of Product Life Cycle | PLM Explained | Simplilearn

🔥 Professional Certification In Product Management (India Only): https://www.simplilearn.com/product-m...
🔥Product Management Professional Program - https://www.simplilearn.com/product-m...

Welcome to this video by Simplilearn! Today, we'll dive into Product Lifecycle Management (PLM), an essential strategy for modern businesses. Remember the first iPhone in 2007? It was revolutionary, but today it seems outdated. This rapid change in technology and evolving customer demands highlight why companies like Apple continuously innovate and invest in Research and Development. PLM plays a crucial role in managing the entire product journey from ideation to retirement.In this video, we'll explore what PLM is and its benefits. We'll cover the key phases of product development: Concept and Design, Development, Production and Launch, Service and Support, and Retirement. We'll also discuss the stages of the product lifecycle: Introduction, Growth, Maturity, and Decline, and how companies measure their success through key performance indicators (KPIs) at each stage.Lastly, we'll look at the future of PLM, including advancements in AI and eco-friendly practices, which help companies create smarter, faster, and more sustainable products.
Following are the topics covered in this video

00:00:05 Introduction to Product Lifecycle Management
00:02:57 What is Product Lifecycle Management?
00:04:26 Phases of Product Development
00:06:05 Stages of Product Development
00:06:39 Introduction Stage
00:07:18 Growth Stage
00:08:12 Maturity Stage
00:09:09 Decline Stage
00:10:12 Measuring Product Lifecycles
00:11:55 The Future of Product Lifecycle Management

#ProductManagementLifeCycle #ProductManagementLifeCycleStages #WhatIsProductManagement #WhoIsAProductManager #ProductManagement #ProductManager#IntroductionToProductManagement #ProductManagementTutorial #Simplilearn #2024

➡️About Professional Certification In Product Management
Professional Product Management Course by SP Jain School of Global Management prepares you to become a product manager via an exhaustive curriculum covering all aspects of product management. This program focuses on the latest industry trends, advancements and related industry applications taught by top product experts via live sessions.

✅Key Features
- Certificate from SP Jain School of Global Management
- Live sessions by SP Jain top global faculties
- Get access to SPJ Exec Ed Alumni benefits post program completion
- Leverage Generative AI as a Product Manager using tools such as ChatGPT, Google Bard, Gencraft, Midjourney, & Picsart
- Product management masterclass by industry experts from companies like Google, Facebook, Amazon, Microsoft and more
- Hands-on learning experience by solving real-life product problems via projects on Facebook, Tesla, Instagram, Netflix & Nike
- Product manager toolkit training- JIRA, Mixpanel, Google Analytics & Balsamiq
- Hands-on learning via case studies and assignments
- Simplilearn's JobAssist helps you get noticed by top hiring companies

👉 Learn More At: https://www.simplilearn.com/product-m...

🔥🔥 Interested in Attending Live Classes? Call Us: IN - 18002127688 / US - +18445327688
👉 Listen to what millions of users say about our courses! https://www.simplilearn.com/reviews?u...