This document defines the requirements of a management system for service providers performing life cycle management of products for organizations in the petroleum and natural gas industry. The document identifies requirements for service providers of life cycle management and the activities required to perform product life cycle management including determination of product life cycle management status, actions required to maintain a status, and development of the life cycle management plan. Multiple products used together as part of a system application may be included in the scope of this document, but only as individual products. This document was developed for upstream activities application. This document is intended for pressure-containing and/or pressure-controlling products for wellbore fluids but may also be applied to other equipment that is specified by the product owner or customer. Although this document and/or portions thereof could be applicable to other industry segments, it is recommended that other segments carefully review these requirements in order to determine their applicability and, if necessary, to develop an applicable annex identifying any segment-specific requirements. This document does not include technical requirements for products and does not include requirements for determination of fitness-for-service for a particular product. In addition, this document does not include requirements for original design and manufacture of product.