PLM Quiz 1

Which of the following is true regarding Product Lifecycle Management (PLM)?

• PLM manages products that can only be recycled.

   

• PLM manages the entire lifecycle of a product from start right through its disposal or being recycle.

• PLM is a data management system that tracks the progress of a product throughout its lifecycle.

• PLM is a serial workflow of activities that support the product throughout its lifecycle.

One of the objectives of Product Lifecycle Management is to ________.

• increase product manufacturing cost

• increase product-related costs

• minimise the value of the product portfolio

• maximise the value of current and future products

Identify the phase in the product lifecycle where the product is just a concept in a person’s head.

• Imagination

• Definition

• Realization

• Support/use

Identify the phase in the product lifecycle where the product exists in its final form.

• Imagination

        

• Definition

• Realization

• Support/use

__________________ help an organisation to set targets for its future activities and to measure progress.

• Key Performance Indicators

      

• Key Progress Indicators

• Key Performance Objectives

• Key Progress Objectives