What is life-cycle phase in SAP LO-CM - Configuration management?

SAP Term: life-cycle phase

• Component: LO-CM

• Component Name: Configuration management

• Description: A stage in the life of a product or project that is of commercial importance from the point of view of a company. A product can go through the following life cycle phases: Sales and distribution Specification Engineering Work scheduling Production The life-cycle phases of configuration management can be defined in Customizing.

Smart SAP Assistant

• Key Concepts: 
  Life-cycle phase is a term used in SAP LO-CM Configuration Management to describe the different stages of a product’s development. It includes the planning, development, testing, and deployment of a product. Each phase has its own set of tasks and activities that must be completed before the product can move on to the next phase. 
  
  How to use it: 
  The life-cycle phase is used to track the progress of a product from its initial conception to its final deployment. It helps to ensure that all tasks and activities are completed in the correct order and that any issues are identified and addressed before the product is released. 
  
  Tips & Tricks: 
  It is important to keep track of the progress of each life-cycle phase in order to ensure that all tasks and activities are completed on time. It is also important to review the progress of each phase regularly in order to identify any potential issues or delays. 
  
  Related Information: 
  For more information about SAP LO-CM Configuration Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about each life-cycle phase and how it can be used effectively.