What is application life cycle management? Application life cycle management is a specific area of the product lifecycle management process that addresses the entire course of the development of a product, from its conception to the time it hits the market. In the specific case of application lifecycle management, the product in question would be a certain type of computer application.
Since product development is a complex process that involves several different stages, it can be divided into parts and studied from a theoretical perspective. Therefore, product life cycle management allows inventors, entrepreneurs, and marketing professionals to frame each stage of a product’s development, and view it through the lens of profitability.
By enabling the above individuals to hone in on each stage of a product’s