TM meaning in Business ?

Business Miscellaneous in Business . 3 months ago

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What is Technology Management mean?

Technology management is a set of management disciplines that allows organizations to manage their technological fundamentals to create customer 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 roadmap (mapping technologies to business and market needs), andTechnology 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 to 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.

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Posted on 15 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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