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.
Typical concepts used in technology management are:
In the United States, Technology Management was deemed an emerging field of study by the Department of Education and received a new Classification of Instructional Program (CIP) code in 2020.[2] The Association of Technology, Management, and Applied Engineering (ATMAE) accredits collegiate programs in technology management. An instructor or graduate of a technology management program may choose to become a Certified Technology Manager (CTM) by sitting an exam administered by ATMAE covering production planning & control, safety, quality, and management/supervision. The ATMAE program accreditation is recognized by the Council for Higher Education Accreditation (CHEA) for accrediting associate, baccalaureate, and master's degree technology management programs.[3]