ALM (Application Lifecycle Management) and PLM (Product Lifecycle Management) are both crucial methodologies in managing the lifecycle of different types of products and processes. However, they focus on different aspects and industries.
ALM
PLM
Key Differences
ALM and PLM serve different industries and product types, with ALM centering on software applications and PLM focusing on physical goods. Understanding the distinction is essential for businesses in choosing the right management strategy.
Comparison of Application Lifecycle Management (ALM) and Product Lifecycle Management (PLM).
Full name | Application Lifecycle Management (ALM) |
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Description | ALM is the management of an application's lifecycle, which includes governance, development, and operation |
Governance | Agile, DevOps |
Technology | Software, Digital |
Application lifecycle management (ALM) is the product lifecycle management (governance, development, and maintenance) of computer programs. It encompasses requirements management, software architecture, computer programming, software testing, software maintenance, change management, continuous integration, project management, and release management.
Full name | Product Lifecycle Management (PLM) |
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Description | PLM is a philosophy for how to manage a product and information about the product throughout the product's lifecycle |
Governance | Project management, BOM |
Technology | Industry, Hardware engineering |
In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design and manufacture, as well as the service and disposal of manufactured products. PLM integrates people, data, processes, and business systems and provides a product information backbone for companies and their extended enterprises.