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product development is that of a highly dispersed process that capitalizes on the skills and insights of people and organizations spread throughout the entire world. However, the benefits of dispersion come at a cost.
A product management concept used to describe the stages of an information systems development project. It encompasses information from the first feasibility study onto the finished application. The system development life cycle was something we had to pay attention to because it detailed the stages of development. 20 people found this helpful. You should always try to know where you are at in the system development life cycle so you know what will come next.