An Inclusive Approach to Technology Development and Technology Project Implementations

Abstract

New technology development projects are having risks, uncertainties, complexities and long development time involved in addition to resources required to invest into innovation projects. Lack of inclusive disciplined approach and structured innovation process around the selection of new technology projects, reduces the probabilities of innovation project’s success. The present paper suggests inclusive approach to technology development and implementation to achieve set of strategic technology objectives of the organization. It suggests inclusive approach to facilitate systematic technology development, set direction for innovations, and implement robust strategy for technology development and implementation. Organization portfolio assessment, building technology roadmap and use of technology project management approach for successfully implement the developed technology to gain commercial success. The approach suggested in present work will serve as guidelines for technology managers, business managers and top management to list, select, prioritize, develop and implement the new technologies in organizations.