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Technology Management

Unit Code: HIR506




Duration

Contact Hours

Campus

Prerequisite

Corequisite


12 weeks

3 Hours per Week

Hawthorn


PG: Nil
UG: Not offered


Nil

Credit Points: 12.5 Credit Points


Related Course/s:

A unit of study in the
 
 
and an elective unit in the 

Aims & Objectives:

The aim of this unit is to introduce manufacturing and engineering students to the basic principles of technology management including the nature and processes of Technology and Innovations, its sources, Project management, Intellectual Property Rights, decision making and ways of integrating Technology Management and pioneering leadership in industrial environment. To achieve this aim, the unit has the following objectives and learning outcomes:  
  • Understand the necessary infrastructure for development/acquisition, commissioning and executions phases of technology management 
  • Develop skills in project management applied to technology development 
  • Apply decision making processes and techniques. 
  • Apply Manufacturing Enterprise Work Systems in support of Technology Introduction, like Design and Development, Implementation, Cost Implications, Reliability-based Assets Management, Work Maintenance Systems for preservation of Technology and Product Integrity. 
  • Plan and manage projects in terms of time, cost and human resources. 
  • Learn techniques to support decision in financial aspects and other subjective matters

Teaching Methods:

Lectures

Assessment:

Written Exam (worth 50%),
Assignments worth 50%).

Generic Skills Outcomes:

In completion of this unit, it is expected that the students:
  • Are informed and knowledgeable in the area.
  • Have an appreciation of areas of uncertainty within a body of knowledge.
  • Have the ability to engage in informed critical inquiry.
  • Have the ability to work both independently and collaboratively.
  • Have the ability to make links and connections between developments and opportunities within/across diverse environments.
  • Have an aptitude for calculated, socially responsible risk-taking.

Content:

Technology management: Introduction of technology, management of technology, management of innovation, core competencies of technology, commercialisation of technology, elements of technology, uses and abuses.
Intellectual Property Rights, Patents, Trademarks, Brand names, Marketing and Advertising.
Industry guides and legal issues that determine benefits to both the Innovator and Licensee.
Research and Development, Production automation and engineering, processes of integration and management of technology.
Customer trust and market understanding as a key competitive advantage in implementing and marketing new products and technology.
Product and Process innovations, Reliability and Quality Promise
Building the best people and the best in people.
S curve of technology or product development and how to avopid pitfalls
Project management; project elements, management of people, cost and time, Project Management Controls and Scheduling Techniques.
Financial evaluations and justifications, cash flow analysis (NP and other evaluation method), cost components.
Introduction to decision making process: Value Engineering and Value Analysis, elements of decision problem in an organisation; and FMECA analyses for Design, Safety, Project management, Manufacturing and maintenance of New Technology.
Risk management attributes, attitude to risk and risk tolerance.
Reliability Engineering Systems for Design and Maintaining New Technology.
Asset Management: Managerial and corporate level group decisions, tools and techniques.

References:


1. Igor Ansof, E McDonnell,  Implanting strategic management, 2nd Ed., Prentice Hall , 1990.
2. Paul Lowe, The Management of Technology, Perception and Opportunities, CH 1995
3. Cliff T. Ragsdale, Spreadsheet Modelling and Decision Analysis, 2nd Edn, South Western 1998.
4. David L. Olson Decision Aids for Selection Problems, Springer Verlag, New York, 1996.
5. Thomas L. Saary, Decision Making With Dependence and Feedback; The Analytic Network Process, RWS publications, Pittsburg, 1996.
6. Paul J. Ossenbruggen (1994), Fundamental Principles of System Analysis and Decision Making, Wiley.
7. Expert Choice Brief Manual and papers related to Analytic Hierarchy process from periodicals.
8. Thomas L. Saary, Decision Making; The Analytic Hierarchy Process, RWS publications, Pittsburg, 1988.
9. Wayne L. Winston, Operations Research; Applications and Algorithms, 3rd Edn., Duxbury, 1994.