There are few aspects in business that are as universal and valuable as the skill of projecting and understanding risk. Many manufacturing professionals know this as an unavoidable fact. There is always an inherent risk when investing money and resources into a project, and even in the product’s research and design phases. Having carefully calculated measures for observing and mitigating the risks of produce investment can define the success or failure of a business. Product lifecycle management systems have become the most used means of calculating those implied risks, and building successful production systems.
What is product lifecycle management?
Product lifecycle m