Management lifecycle in mechanical engineering. The path to improvement

This article discusses the problem of the development of the concept of the life cycle of products in economic activity. This concept has its roots in the work of Western specialists in management, quality management and marketing and has been actively developing for more than sixty years. Based on the analysis of scientific and practical activities in the field of life cycle management of engineering products, the author of the article concludes that it is advisable to maintain the existing one-level approach to describing the structure of the life cycle. However, it is proposed to make changes to the terminology, suggesting that it is necessary to create a new, terminologically neutral term to denote elements of the product lifecycle.