Foundations of Management and Technology Custom Esssay

Foundations of Management and Technology

Question 1

S-Curve concept is applied to illustrate and give more information concerning the introduction, growth and adoption of any innovation. S-Curve is particularly useful in analyzing the technological cycle from the time of introduction to adoption hence being predictive. S-Curve analysis can further be helpful in managing projects because it monitors their growth, progress and the overall performance of any carried out project (Mcdonough Para. 2).

S-Curve can be used in analyzing how the resources are used over a given time duration in a project being evaluated. It will indicate and compare the resources used against time taken for the project’s completion. As a tracking device, it can be used in comparing different S-Curves against standard S-Curve, which is helpful in monitoring the progress of the innovations. The simultaneous plotting of data indicates the project’s performance as per the resource allocation and time (McDonough Para. 3).

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