How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Product Life Cycle

The sequence of stages a product goes through, starting with the initial idea, moving to release, expanding in the market, stabilizing at maturity, and ending with phase-out and retirement.

Key Points

  • Different from the project life cycle; one product can involve many projects over its lifespan.
  • Stages can overlap or repeat as feedback leads to updates and enhancements.
  • Guides how you tailor processes, governance, and metrics at each stage.
  • Investment, marketing, support, and end-of-life plans change as the product moves through stages.

Example

A company launches a mobile banking app. It starts with concept and development, releases the app, scales features and users during growth, optimizes performance and costs at maturity, and finally retires the app by migrating customers to a new platform. Each stage triggers new projects, even after the original launch project is closed.

PMP Example Question

A project to launch a new product has closed. Six months later, leadership funds a follow-on effort for enhancements and customer support. Which concept best explains why work continues after the original project ended?

  1. Product life cycle
  2. Phase gate
  3. Project life cycle
  4. Sprint backlog

Correct Answer: A — Product life cycle

Explanation: Products evolve through stages beyond the initial launch, often requiring additional projects for growth, maturity, and eventual retirement.

AI-Prompt Engineering for Strategic Leaders

Stop managing administration and start leading the future. This course is built specifically for managers and project professionals who want to automate chaos and drive strategic value using the power of artificial intelligence.

We don't teach you how to program Python; we teach you how to program productivity. You will master the AI-First Mindset and the 'AI Assistant' model to hand off repetitive work like status reports and meeting minutes so you can focus on what humans do best: empathy, negotiation, and vision.

Learn the 5 Core Prompt Elements-Role, Goal, Context, Constraints, and Output-to get high-quality results every time. You will build chained sequences for complex tasks like auditing schedules or simulating risks, while navigating ethics and privacy with human-in-the-loop safeguards.

Move from being an administrative manager to a high-value strategic leader. Future-proof your career today with practical, management-focused AI workflows that map to your real-world challenges. Enroll now and master the language of the future.



Launch your career!

HK School of Management provides world-class training in Project Management, Lean Six Sigma, and Agile Methodologies. Just for the price of a lunch you can transform your career, and reach new heights. With 30 days money-back guarantee, there is no risk.

Learn More