Question

What are the three tiers of Lifecycle Management?

Choose 3 answers

A. Improve efficiency.
B. Improve management controls.
C. Know what you don't have.
D. Increase onboarding controls.
E. Know what you have.

Answer 1

The three tiers of Lifecycle Management are: Know what you have, Know what you don't have, and Improve efficiency. The correct options are A, C and E.

Step-by-step explanation:

The three tiers of Lifecycle Management are:

1. Know what you have: This tier involves understanding and documenting the current state of assets, resources, and processes in an organization. It helps identify existing gaps and areas of improvement.
2. Know what you don't have: This tier involves identifying the missing or inadequate resources and capabilities that are needed to achieve organizational goals. It helps in prioritizing investments and resource allocation.
3. Improve efficiency: This tier focuses on optimizing processes, reducing waste, and improving productivity. It includes implementing best practices, automation, and continuous improvement initiatives.

Hence, Options A, C and E are correct.