DP offers multiple ways to do Product lifecycle most of which fall under the realm of Lifecycle profiles. there are phase-in profiles to ramp-up a product based on predefined fashion. In the same vein, there are phase-out profiles to do ramp-down of a product based on a predefined fashion. you can use Like-profiles to imitate the history of some other product. there are also ways of using weighting profile to give certain weightages to points of history. help.sap does explain this in detail. not sure if your Q was answered. PLM per se is a different module in SAP which you can also explore for your requirement.
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