Value distilled: A framework based approach to establish the trace of technology value in the context of engineering management

The view that has been taken in this paper towards technology value is that of a stakeholder perception of value and how this value can be traced and realized and be made to accrue to the stakeholders in an assured manner. Is there a way to trace value of technology, from its origins thru to its realization? Here we present a framework that is based on the concept of x-matrix. Technology is an enabler and the means to realize the outcome of design. The discipline of engineering design derives value from technology, while the projects set the scope and context for management discipline. The project sponsors and the stakeholders are the ones who are supposed to experience value that translates from technology thru the discipline of engineering management. Thus these elements form the critical dimensions of an x-matrix, using which the value trace can be established. Since the topic is about technology value, the discussion in this paper is centered on how engineering and management has been able to harness the technology and transform it into value. The paper talks about how to establish this trace towards realization of technology value so that one can clearly monitor it and assure the outcomes of it.