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PMP Certification Practice Test 7
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Question : 72
Total: 72
You work as a Project Manager at the mobile phone chipset manufacturer. As predicted by Moore's law, each year your company introduces new models of mobile phone chipsets which are faster and more powerful than their predecessors. Mobile phone chipsets that are obsolete or do not sell are quickly retired from production. The chipsets' lifecycle begins in R and D, extends to manufacturing, and finally ends with phase out. This cycle is often referred to as:
Product lifecycle
Project lifecycle
Feedback loop
Product development
Validate
Solution:
A product lifecycle consists of generally sequential, non-overlapping product phases determined by the manufacturing and control need of the organization. For more details on product lifecycle, refer to PMBOK® Guide - Fifth Edition PN 38.
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