Principles and practices of Technology Management in Contemporary Technology Management Organizations

Executive Summary

Technology permeates all aspects of the contemporary business activity and insists on contemporary principles and practices or performance management. Developments in the computing technologies and the internet, the materialization of the knowledge worker, resource insufficiency, globalization and extreme competition have resulted in the accomplishment of their deliberate objectives and goals by means of implementing the projects. The study would reflect that the contemporary technology intensive organizations assure the success of their projects by the effectual employment of human and financial resources; a project management scaffold supported by superior management and administers the bridging of project management spectrum of instigation, scheduling, execution, supervision, computation and control. Moreover, these contemporary principles and practices would be put in contrast with the traditional ones used in organizations of the management of businesses.Table of Contents

Introduction4

Technology Management Principles and Processes Used by Contemporary Technology Incentive Organizations5

Technology and innovation7

Computer software7

Benchmarking8

Earned value analysis (eva)8

Examples of Technological Innovation and Comparison with the Traditional Business Management Principles and Practices9

Innovation management10

Project control tools and techniques11

Principles and practices of Technology Management in Contemporary Technology Management Organizations

Introduction

Technology is a term that is extracted from the combination of two terms that are “techne” that means art and “logos” that means science or logic. Hence slackly interpreted, the word technology means the art of scientific discipline or the art of logic. Everett M. Rogers officially defined it as a layout for influential measure which lessens the indecision in the cause and effect relationships associated with a preferred outcome. This implies that technology includes tangible products like the computer as well as the knowledge regarding methods and processes like the technology of production of mass instituted by several including Henry Ford. Technology management is a range of practices and policies which influence the technologies to develop, preserve and augment the competitive advantage of the organization based on proprietary know how and knowledge. According the United States National Research Council, technology management is defined as associating management, science and engineering fields to prepare establish and execute technological abilities to mold and acquire the operational and strategic objectives of a company. Because the techniques of technology management are significant to the competitiveness of the organization, they are most effectual when they counterpart the inclusive premeditated stance adopted by the organization. The premeditated management of technology attempts to develop competitive advantage by integrating technological opportunities into the corporate stratagem (Anantamula, 2008).

Technology Management Principles and Processes used by Contemporary Technology

Incentive Organizations

Technology greatly illustrates on the scientific advancements and comprehension acquired by means of research and development. Then it influences this acquired information to advance the performance as well as the inclusive utility of services, systems and products. Technology, with the perspective of business, has a variety of latent influences on the management. These include;

Diminished rates of operations: For instance, Dell Computer Cooperation employed technology to lessen the administrative and manufacturing rates, making the company able to vend the computers at a cheap rate than majority of other ...