Full Life Cycle IT Management

IT system life-cycle management is the administration of a system from provisioning, through operations, to retirement. Every IT system, resource, and workload has a life cycle. … Track and account for all systems, assets, and subscriptions.
Ensure that systems are consistent across their life cycle.

The technology life cycle has four distinct stages: research and development, ascent, maturity, and decline. The adoption of these technologies also has a life cycle with five
chronological demographics: innovators, early adopters, early majority, late majority, and laggards.

FUNCTIONALITY For the purposes of business records, there are five phases identified as being part of the lifecycle continuum along with one exception.

These are: • Creation and Receipt • Distribution • Use • Maintenance • Disposition Creation and Receipt deals with records from their point of origination.

An IT project management life cycle is different from a project management life cycle (i.e., phases include initiating, planning, executing, monitoring and controlling, and closing). However, the two are used together to manage IT projects.

IT lifecycle management is defined as the beginning to end process of acquiring, installing, maintaining, tracking and the retirement of an asset.

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