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: