Technology management refers to the integrated planning, design, optimization, operation and control of technological products, processes and services, in order to manage of the use of technology for human advantage. It contains a number of management disciplines that allow organizations to manage their technological fundamentals to benefit their customers. The role of the technology management function in an organization is to understand the value of certain technology for the organization and for the customer, and to identify when it is better to invest in technology development and when to withdraw.
