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Technology MNGT

Technology management is a set of disciplines that allows organizations to manage technologies to gain a competitive advantage. It includes developing a technology strategy, forecasting technologies, roadmapping technologies to business needs, and managing technology projects and portfolios. The role of technology management is to understand how certain technologies can benefit the organization. It must determine when to invest in developing technologies and when to stop investing. Technology management can be defined as planning, designing, optimizing, operating, and controlling technological products, processes, and services to benefit humans. It involves managing personnel across technical areas and complex systems. Major theories that inform technology management are the diffusion of innovations theory, capability maturity model, and hype cycle, which provide a framework for a formal approach to managing

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66 views2 pages

Technology MNGT

Technology management is a set of disciplines that allows organizations to manage technologies to gain a competitive advantage. It includes developing a technology strategy, forecasting technologies, roadmapping technologies to business needs, and managing technology projects and portfolios. The role of technology management is to understand how certain technologies can benefit the organization. It must determine when to invest in developing technologies and when to stop investing. Technology management can be defined as planning, designing, optimizing, operating, and controlling technological products, processes, and services to benefit humans. It involves managing personnel across technical areas and complex systems. Major theories that inform technology management are the diffusion of innovations theory, capability maturity model, and hype cycle, which provide a framework for a formal approach to managing

Uploaded by

Ramesh Pal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Technology management

Technology Management is set of management disciplines that allows organizations to manage


its technological fundamentals to create competitive advantage. Typical concepts used in
technology management are technology strategy (a logic or role of technology in organization),
technology forecasting (identification of possible relevant technologies for the organization,
possibly through technology scouting), technology roadmapping (mapping technologies to
business and market needs), technology project portfolio ( a set of projects under development)
and technology portfolio (a set of technologies in use).

The role of the technology management function in an organization is understand the value of
certain technology for the organization. Continuous development of technology is valuable as
long as there is a value for the customer and therefore the technology management function in an
organization should be able to argue when to invest on technology development and when to
withdraw.

Technology Management can also be defined as the integrated planning, design, optimization,
operation and control of technological products, processes and services, a better definition would
be the management of the use of technology for human advantage.

The Association of Technology, Management, and Applied Engineering defines Technology


Management as the field concerned with the supervision of personnel across the technical
spectrum and a wide variety of complex technological systems. Technology Management
programs typically include instruction in production and operations management, project
management, computer applications, quality control, safety and health issues, statistics, and
general management principles.[1]

Perhaps the most authoritative input to our understanding of technology is the diffusion of
innovations theory developed in the first half of the twentieth century. It suggests that all
innovations follow a similar diffusion pattern - best known today in the form of an "s" curve
though originally based upon the concept of a standard distribution of adopters. In broad terms
the "s" curve suggests four phases of a technology life cycle - emerging, growth, mature and
aging.

These four phases are coupled to increasing levels of acceptance of an innovation or, in our case
a new technology. In recent times for many technologies an inverse curve - which corresponds to
a declining cost per unit - has been postulated. This may not prove to be universally true though
for information technology where much of the cost is in the initial phase it has been a reasonable
expectation.

The second major contribution to this area is the Carnegie Mellon Capability Maturity Model.
This model proposes that a series of progressive capabilities can be quantified through a set of
threshold tests. These tests determine repeatability, definition, management and optimization.
The model suggests that any organization has to master one level before being able to proceed to
the next.
The third significant contribution comes from Gartner - the research service, it is the hype cycle,
this suggests that our modern approach to marketing technology results in the technology being
over hyped in the early stages of growth.

Taken together these concepts provide a foundation for formalizing the approach to managing
technology.

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