What are the advantages and disadvantages of the product life cycle theory?

In: http://wiki.answers.com/Q/FAQ/1866 [Edit categories]The product life cycle is all estimated so anything can go wrong as it is all estimated. A product life cycle is not very helpful for future...

birth youngster per adult adult old adult death is that good for you?

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Advantages The project mangers and programmers will able to communicate to each other Components will be easier to define Uncompleted products can be passes on to another person when necessary

Time Consuming Costly Programmer can not move on to the next step unless the previous is completed