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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.
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.