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Human Resource Management. Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas: staffing, employee compensation and benefits, and defining/designing work.
Product lifecycle management (PLM) is a business system that provides control of the product record across all development stagesâfrom concept to design to production.RP and PLM systems are complimentary tools that can communicate with each other, yet support distinct business needs. PLM is designed to manage a product from initial documentation as it is revised and released for production.