Formulation of a process for the planning and management of technology development

Due to the importance of technology use in Aerospace systems, the process of technology development is one of the most important parts of fielding a new system. Technology development is the process of creating and managing activities such as experiments, analysis, and prototyping in order to reduce the risk associated with the use of a new technology. While technical risk is addressed by the activities, the project must be planned and managed so as to reduce the cost and schedule risk associated with completing those activities. This study introduces a process that will assist in the planning and management of a technology development project and lead to successful development efforts.