Guide on Technology Management in Project Management

A vital part of managing a successful project is Technology Management. Using technological tools can make communicating simpler and more efficient, especially in virtual teams.
Why It's Important: In the modern age of virtual teams, efficient communication is essential, but it isn’t always easy. Technology management offers a strategic approach to designing, delivering, managing, and improving the way the organization uses technology and information. It optimizes the value and reduces the risk associated with technology.
What It Is: Technology Management involves planning, directing, control and coordination of technological affairs to achieve the strategic goals of the organization. This is achieved by effectively applying technology to meet the organizational needs.
How It Works: It starts by looking at the project's specific needs, identifying the best technology for the job, and then implementing it into the project. It includes the use of project management tools, communication tools, collaboration tools among others.
Exam Tips on Technology Management:

1. Understand the different types of technology tools that are useful in project management.
2. Be aware of how to utilize these tools in different project scenarios.
3. Understand the importance of being proactive in adapting to new technologies.
4. Remember that while technology is important, the human element should not be overlooked.

By understanding the importance, the concept, the working, and answering the questions related to Technology Management, you can improve your chances of passing the Project Management exam on this topic.