Project Management Institute

Concurrent project management

a tool for technology transfer, R&D-to-market

Concurrent project management is a tool for managing the multifunctional processes that are used during the implementation of a technology transfer. Coordinating all the various facets, processes and departments requires highly capable hardware, software, CAD, database management systems, and engineering, manufacturing and assembly processes in order to link all areas to important information that is vital to multidisciplinary projects. Concurrent project management techniques can lead to effective use of resources and position the company favorably in the future. To demonstrate the effectiveness of concurrent project management, 235 engineering professionals completed questionnaires related to the management practices and strategic thinking associated with new product developments in high-technology companies. Using the results of the survey, 12 requirements for effective technology transfer are outlined as seen by the people in organizations.
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