Technology Assessment
What is your understanding what a Technology Assessment is?
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Lesson 4 - Activity
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You are the assessor of implementing a new fertilizer for a turfing company. The fertilizer has been recently developed. Using the risk matrix in the lesson note, describe one risk of implementing this new technology and whether it is a high, medium or low risk using the matrix. Explain your answer based on likelihood and consequence.
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Lesson 5 Activity
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Formal Alternative Analysis: Decision Tree: Make sure you understand the decision tree example of developing a new product in the course notes. The manager has come to you indicating that the probabilities are incorrect and revenue outcomes are incorrect. The manager also realized that the developed cost were higher than originally thought. To make matter worse the manager also realized that there are only two possible outcomes Good or Poor. With the data below use the decision tree process to determine the best possible alternative and why. Ensure you include a diagram.
New Product
Thorough Development
Cost $200,000 Market Reaction Probably of Success Return
Good 50% $500,000
Poor 50% $40,000
Rapid
Cost $80,000 Market Reaction Probably of Success Return
Good 30% $500,000
Poor 70% $2,000
Consolidated Product
Strengthen
Cost $80,000 Market Reaction Probably of Success Return
Good 50% $500,000
Poor 50% $6,000
Reap
Cost $0 Market Reaction Probably of Success Return
Good 60% $500,000
Poor 40% $6,000
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Lesson 6 - Activity
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Select a new simple product technology that you may personally use such as a mobile phone, printer or even a new style of chair. Discuss the possible environmental impacts this technology may have?
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