Life Cycle Management is the process of taking a strategic view of the technology infrastructure, and managing the deployment and replacement decisions to maximize the return on investment (ROI) over time.   The key is to support your business with technology that works effectively, but control the technology budget by replacing or updating a fraction at a time, within a structured plan.

This is all subject to change, of course, as business needs change, and new technology emerges.  But the Life Cycle Management process gives you control to the greatest extent possible, and helps to avoid having everything “fall apart” at the same time, creating a budget crisis that could adversely affect business survival.