Jul 25, 2020. A project life cycle is the sequence of phases that a project goes. For example,
the first project life cycle can be the development of the. Product life cycle is a
series of phases from introduction, growth, maturity to decline.
The project life cycle consists of the defined project phases which are usually.
Example - Product Life Cycle:. As technology advances and consumer
preferences change, the cell phone will mature, decline and eventually be retired.
Aug 6, 2020. This product stage is called the cash cow stage, and it is when the asset is paid.
the maximum benefits or profits before the item reaches its decline stage. For
example, a soft-drink company may terminate investments in its.