product development startups as172015305 og 1200x630 1

Products – and the organizations producing them – have become increasingly complex, so delivering projects on time and within a set budget has become more challenging.

An agile PLM (product lifecycle management) solution can help to ease these burdens and improve the chances for success.

The product lifecycle in stages

Every product follows a basic lifecycle through four stages: introduction, growth, maturity, and decline.

Optimizing the amount of time spent in each stage can maximize profits, and PLM software can help do that by managing the processes within and across every stage.

 

An agile PLM solution uses project management features like:

  • Checkpoints and activities to provide task status across the project lifecycle
  • Schedules to communicate project status to managers
  • Holistic view of project status and forecast for completion

 

PLM solutions also connect to requirements management to stay on schedule with:

  • Requirements tracker throughout
  • A connection to the product schedule
  • Requirements completion verification

 

Modern PLM provides cross-domain design management enabling the ability to:

  • Find data quickly and maximize reuse
  • Support various product configurations
  • Connect to the multi-domain BOM

 

With an agile PLM foundation, companies can keep up with faster product development times and remain competitive.

PLM software and new delivery methods are enabling companies large and small to move faster to meet deadlines while still ensuring each and every requirement is met, no matter how complex.

Learn how to take control of projects, no matter the size or complexity, by watching this webinar:

On time, on budget: Coping with engineering project complexity

Disclaimer: I am the author at PLM ECOSYSTEM, focusing on developing digital-thread platforms with capabilities across CAD, CAM, CAE, PLM, ERP, and IT systems to manage the product data lifecycle and connect various industry networks. My opinions may be biased. Articles and thoughts on PLMES represent solely the author's views and not necessarily those of the company. Reviews and mentions do not imply endorsement or recommendations for purchase.

Leave a Comment

Your email address will not be published. Required fields are marked *