Advantages Of Product Life Cycle

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Advantages Of Product Life Cycle

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Product Life Cycle Model - Advantages \u0026 Limitations of PLC

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The development takes the majority of time in any project. Often, the project exceeds the initially estimated time: the client might consider adding something to the project scope in the course of the development process. In some SDLC models, the product can change in the process of the development. After all the preparations on previous stages of software development life cycle are completed, quality assurance engineers start scouting for bugs. Testing is another crucial step among the SDLC life cycle phases as it allows for fixing critical problems before they will lead to critical loses.

Even though testing procedures may appear on other software development life cycle stages , as a separate one, testing provides a detailed map of breakdowns that need to be fixed. After the product is release-ready, the next action in the order of software development life cycle steps is to display the finished software solution to the client. To guarantee the proper work of the finished digital solution in the future, after all the SDLC life cycle phases are completed, the client can order general product maintenance to fix different issues which inevitably emerge with any modern software product.

This step completes the software development life cycle. Here is a general software development life cycle diagram:. Among the explanations of software development life cycle with examples , the most useful ones are those that explore the aforementioned models and stages in detail. Based on it, the analytical, financial, and technological departments summarize the project in a Software Requirement Specification SRS. Then designers prepare several high and low-level design diagrams for developers. If there are no issues or after the existing issues are dealt with , the product is presented to the client.

Among all the software development life cycle examples , the Waterfall model is the most client-facing option, giving them extensive control over the project. On the other hand, the model lacks in flexibility, which can affect both the client and the team they hired. On the first stage of all the software development life cycle examples , it is crucial to get what the client needs from the developers.

Often, the initial information is scarce and vague, and it is incredibly difficult to find a starting point. The situation can be so hopeless that an approach with no rules emerged — Big Bang model. Among the techniques that help the customers clarify what they actually need, brainstorming, employee and management interviews, focus groups, surveys, and mind mapping are the most effective ones for the team working on such a project. Accuracy is key. For example, a survey needs to consist of clear, well-defined questions that need short answers. The importance to address the modern cybersecurity concerns called for creating a secure SDLC. What does this mean for a software development life cycle?

Then, it is better to implement threat modeling — test software in several scenarios and environments where security may be at risk. As for other stages, both the developers and quality assurance engineers should approach their work with potential security issues in mind. Meanwhile, the deployment stage should use state-of-the art intrusion detection systems. We will get in touch with you regarding your request within one business day.

Table of contents. But what is a SDLC is, and how to pick the right one? What is Software Development Life Cycle? Thus, software development life cycle allows for: Having overarching control over software development process Improving resource management and cost-effectiveness Gives teams a clear action plan Improves cooperation between participants What is important to remember is that all the advantages of software development life cycle will not work for teams on their own.

Software Development Life Cycle Models There is a host of different SDLC models that help in different types of software development projects, even in cases when the client does not have a clear vision of what they need. Iterative Model The Iterative model has many software development cycles that are segmented into smaller cycles. Spiral Model The Spiral model is a universal software development life cycle model. These products are divided into the following three types:.

The product life cycle includes five stages defining the journey of a product in the market. The first stage of the product life cycle is the development stage at which the new product generates. Here, the company needs to pay off various cost involved in product research, manufacturing or acquisition without generating any revenue from it. The features of this stage are as follows:. At this stage, the new product is launched in the market, and the prospective customers are acquainted with it. The demand for the product is created at this stage. The characteristics of the introduction stage are as follows:. The third stage of the product life cycle is the growth stage where the product sales, demand and profits accelerate. It consists of the following characteristics:.

The sales of the product are at its peak and price is competitive at the maturity stage. This is the last stage of the product where the demand shrinks and its sales start declining. The features of the decline stage are mentioned below:. I initially recommend you to read the article on Product life cycle and strategies. After that, you can refer to the current article for the Benefits and Limitations of Product life cycle.

Strategies — The number 1 benefit of Product life cycle is that it can help you to define the strategies which can be used based on the life cycle stage. So if a product is in growth stage, then naturally a lot of advertising and investments are needed to keep the product in the growth stage. Thus, strategizing becomes easier with the Product life cycle.

Decision making — Whenever you are presented with multiple options, you need more data to take a decision on which direction to move in. Product life cycle helps managers with such decision making because it has the sales data as well performance over time data. The combination of these 2 can help managers take decisions faster. Forecasting sales becomes easier — With enough experience, it is easier to forecast how a product will move through the product life cycle and therefore, what levels of sales will it achieve. For example — If Samsung launches a new mobile phone, it knows that the mobile will grow for 1 or 2 months, it will then reach maturity for 3 to 6 months and then the model will start declining because consumers start searching for new models.

On an average, a single product in the portfolio of Samsung Smartphones survives for 2 — 3 years at the max, even though product series like Galaxy or Note might survive longer. Competitive advantage — A marketing manager can also run the product life cycle of competitors products besides running their own provided they have the sales data. This gives a good insight into the preparations the competitors must be going through. Accordingly, the firm doing this analysis has a competitive advantage as it can take one step ahead of the competitor. The mature product starts advertising and pulling customers so that the newer product never takes off. Or alternatively, the company can themselves introduce a new product which competes with the competitors product.

Saying Goodbye — Its always hard to say goodbye especially to a product you launched with so many hopes.

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