PMO as the integration agent in Product Lifecycle Management: bridging the gaps across the phases of products lifecycles – Prasek
Abstract:
Collaboration between product management and project management has received significant attention, particularly around projects for New Product Development and Introduction to the market. In this presentation, we explore the role that the Project Management Office (PMO) plays in the integration of the responsibilities of these functions throughout the entire product’s lifecycle, from development, growth into maturity, and decline. Multiple factors impact the length of each phase of a product’s lifecycle, driving decisions to develop new products, implement changes to existing products, or discontinue products. PMO plays a key role in Product Lifecycle Management by bridging the gaps among the phases of different products’ lifecycles and ensuring alignment and continuity in the execution of activities throughout each phase. Focus is dedicated to bridging phases from the innovation funnel to development, and from decline to product discontinuation phases, with alignment of the introduction of a new product to ensure an optimal stream of revenue, and continued customer satisfaction.
PMI Talent Triangle: Business Acumen
