The Problem
So why is PLM important, why is it necessary? The motivation behind PLM has been with us for decades and despite many attempts it remains largely unresolved. IT projects are getting more complicated, not less – and this trend is accelerating, not decelerating. PLM directly addresses the root causes of this trend and has been developed to attack them in a comprehensive fashion. Those root causes for this IT complexity syndrome include:
- System / Service / Solution sophistication continue to increase as the pace of technological change accelerates (thereby driving new and more demanding expectations from end users and stakeholders).
- Interoperability Expectations have increased exponentially (both within the enterprise and externally between enterprises and stakeholders).
- Bandwidth and resource exploitation expectations have become much more complicated (this covers storage management, virtualization, security, wireless connectivity etc.)
- The pent-up expectations for data exploitation are only now beginning to be realized (after 10 years of evolution, BI tools and data warehouse capabilities are finally cost effective and now integration with unstructured sources through ECM, collaboration or Web 2.0 has begun).
PLM is quite literally a Lifecycle of Lifecycles... |
How Many PLMs are There
?
Some of you might be familiar with the acronym “PLM” as
representing Product Lifecycle Management. So how does these variations on PLM
relate to one another? There are in fact five PLMs that are closely related:
- Program Lifecycle Management
- Portfolio Lifecycle Management
- Project Lifecycle Management
- Product Lifecycle Management
- Process Lifecycle Management
These PLM variations can be viewed as a hierarchy within a
single, unified enterprise context. More importantly, this unified context
allows us to apply a common semantic foundation which in turns allows us to
coordinate all of the related data within a single PLM data repository. This is
not a Master Data Management solution although it does help greatly in
establishing enterprise-wide MDM governance. Program Lifecycle Management supports
active working processes and capabilities already familiar to those
practitioners of the five PLMs.
Copyright 2012, Semantech Inc. All rights Reserved
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