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Life Cycle Management II

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Encyclopedia of Sustainable Management

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Synonyms

Life cycle application; Life cycle theory

Definition/Description

Life cycle management (LCM), as initially defined by Hammer (1981), is a tool focusing simultaneously on three major functional aspects: planning, monitoring, and control. The LCM tool is designed to supply a complete overview whether of some project or product or even a whole company. Thus, this deals with every aspect of organizations from their very launch to their final closure, involving all the real and virtual costs arising from the project (Hammer 1981). These costs must include those related with planning (design), development, production (operation and maintenance), distribution and those associated with the demise of the product, service, or entity at the end of its anticipated useful life span. Hammer (1981) divides life cycle management into six stages: mission analysis and project initiation, concept development, definition and design, system development, development and operation, and, lastly,...

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Author information

Authors and Affiliations

  1. School of Management, Polytechnic Institute of Viseu, VISEU, VISEU – PORTUGAL, Portugal

    Pedro Manuel Nogueira Reis & António Pedro Soares Pinto

Authors
  1. Pedro Manuel Nogueira Reis
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  2. António Pedro Soares Pinto
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Corresponding author

Correspondence to Pedro Manuel Nogueira Reis .

Editor information

Editors and Affiliations

  1. London Metropolitan University, Guildhall Faculty of Business and Law London Metropolitan University, London, UK

    Samuel Idowu

  2. Cologne Business School, Ingolstadt, Germany

    René Schmidpeter

  3. College of Business, Loyola University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  4. International Training Centre of the IL, International Labor Organization, Turin, Italy

    Liangrong Zu

  5. Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy

    Mara Del Baldo

  6. Instituto Politécnico da Guarda, Guarda, Portugal

    Rute Abreu

Section Editor information

  1. School of Law & Justice, University of Canberra, Canberra, Australia

    Benedict Sheehy

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Reis, P.M.N., Pinto, A.P.S. (2021). Life Cycle Management II. In: Idowu, S., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-030-02006-4_944-1

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  • DOI: https://doi.org/10.1007/978-3-030-02006-4_944-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-02006-4

  • Online ISBN: 978-3-030-02006-4

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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