Managing Product Requirements and Lifecycles
Boon Kee Lee · 2025
This chapter explores two critical areas of product management: requirements management and product lifecycle management (PLM) . In an increasingly fast-paced and dynamic digital world, understanding how to manage and prioritize product requirements is essential for delivering value to users, while lifecycle management ensures the product remains relevant and competitive throughout its various stages. This chapter delves into modern agile techniques such as user stories, epics, and prioritization frameworks, and explores how to optimize product lifecycles using strategies aligned with the Introduction, Growth, Maturity, and Decline stages. By mastering these concepts, product managers can ensure that products meet evolving market needs, stay competitive, and drive long-term success.