Glossary · IT & systems
PLCM (Product Life Cycle Management)
Managing a product from the first idea to its phase-out, with all its data in one place.
PLCM stands for Product Life Cycle Management: managing a product across its entire life, from the first idea through to its phase-out. All the information created along the way, such as designs, specificationsThe documented requirements a solution has to meet., versions and documentation, comes together in one place.
This matters most for companies that develop and adapt products. Without central management, versions get mixed up, people work from outdated drawings and knowledge is lost when someone leaves. PLCM keeps hold of the common thread.
Good life cycle management also gives you a grip on changes. Anyone who changes something about a product immediately sees which parts and documents are affected, so nothing is overlooked.
