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Faculty of Engineering Research Finder PROF CORNE SCHUTTE (CHAIR) AND IMKE DE KOCK INDUSTRIAL ENGINEERING The Department of Industrial Engineering had become the prime research location in the Industrial Engineering field in South Africa – there are at any time 130 Masters and 30 PhD students busy with research. The Department has state-of-the-art research facilities, with a newly refurbished building that is dedicated to the Department, encouraging collaboration between groups. Background Industrial Engineering is a discipline of engineering dealing with the optimization of complex pro- cesses or systems. It is concerned with the development, improvement, implementation and eval- uation of integrated systems of people, money, knowledge, information, equipment, energy, ma- terials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes. Its underlying concepts overlap considerably with certain business-oriented disciplines such as operations management and financial management, but the engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods. Research in the department focuses on 2 discipline areas: Research Areas Engineering Management: Engineering management includes fields such as project-, risk-, innovation-, quality- and performance management, and feasibility studies in the wider sense: Enterprise Engineering: The analysis of enterprises (design, implement, operate) including knowledge and information-, innovation-, financial-and technology management. Sustainable Systems: The transition to a more sustainable economy and society, which will place emphasis on management of infrastructure/technology, including planning and design. Health Systems Engineering: Conceptualizing novel, engineering-based solutions to the challenges facing the healthcare sector. The research hub is specifically focused on facilitating improved healthcare delivery within the public sector in sub-Saharan Africa. Innovation for Inclusive Development (I4ID): Analysis, development and evaluation of inclusive innovations, inclusive innovation systems and innovation platforms. The goal is to explore how I4ID may provide solutions to societal problems (access to clean water, healthcare, financial services, etc.). Industrial Policy and Beneficiation of Minerals: Investigates how mineral rich countries may optimally leverage their mineral endowments for sustainable development. Manufacturing: This area focuses on development of resource efficient process chains to ensure sustainable manufacturing as value creation system of products, but also for wider application in the services sector. Smart Sustainable Advanced Manufacturing: The co-creation of manufactured products through digital, economically-sound process chains that minimize negative environmental impacts, while conserving energy, natural resources and empowering communities. Smart Sustainable Advanced Manufacturing also enhances employee engagement, community interaction and product safety. Additive Manufacturing: An emerging technology used to manufacture customised products like a maxillofacial implant that is a surgically inserted into patients who have lost significant portions of their facial bone structure due to cancer and other diseases. • Micro-manufacturing: The micromachining (milling and turning) and micro assembly of microproducts in which micromaterial handling systems are utilised. Engineering (and technology) Management on the other hand is a specialized form of man- agement that is concerned with the application of engineering principles to business practice. Engineering management often leads to a career that brings together the technological prob- lem-solving abilities of engineering and the organisational, administrative, and planning abilities of management in order to oversee complex systems from conception to completion. Technology management, as a sub-set of engineering management, is a specialised professional practice that captures technology-based innovation opportunities. It guides technological progress, assesses the potential of individual technologies and uses this potential to the benefit of business, society and the environment. Ten ensure relevance in the modern society, research must be multi- disciplinary. Industrial Engineers have a cross-cutting skillset that is well suited for multi-disciplinary research. The Department is thus continually encouraging research of this nature. (Refer to first diagram The Department not only conducts research – a primary focus is to ensure a human pipeline of expertise for innovation. Industry can participate in a number of ways: (Insert second slide below): Research Collaboration Systems modelling, operations research and decision support: This area focuses on the development of mathematical models and their incorporation into computerised systems aimed at supporting scientifically justifiable and effective decisions in industry. These models draw from the scientific fields of applied mathematics, statistics, industrial engineering and computer science and are applicable in the context of complex problems which admit a large variety of trade-off solutions. Strong decision support ties exist with a number of industry partners in the agricultural, retail, banking, insurance and military sectors, as well as various parastatals, NGOs and non-profit organisations. Examples are: • Routing and scheduling decisions for fleets of delivery vehicles. • Employee duty roster or timetabling decisions for the manufacturing and health sectors. • Shelf-space allocation and inventory decisions for retailers. • Crop irrigation and agricultural pest-control strategy decisions. • Power generator maintenance scheduling decisions in the energy sector. • Facility location decisions for effective supply chain logistics. • Optimal facility or production plant layout. Data Science and Machine Learning in Industrial Engineering: Optimisation and data science have evolved separately over several decades. The main objective of this research programme will be to converge these two research fields by capitalising on the synergies between them: many aspects within data science can be formulated as an optimisation problem. This research programme will thus focus on the development of innovative optimisation techniques to produce novel, efficient and robust data science technologies, for use in Industrial Engineering and Engineering Management applications. Operations Management: Operations & Supply Chain Management focuses on process excellence from both intra-organizational and inter-organizational points of view. Physical Asset Management: The systematic and coordinated activities through which organisations optimally and sustainably manage their assets over their respective life cycles. AM is not only about doing things to assets, but more so about extracting value from the assets to achieve the organisation’s business objectives. AM is therefore multifaceted considering the strategic, tactical and operational aspects of an organisation’s portfolio of assets. Supply Chain Management: The work life and the organisational world is changing very fast. Digitalisation and the fourth industrial revolution are accelerating these changes. A key research focus is on the digitalisation of operations, supply chains, and value chains in both the manufacturing, retail, and service environments. Learning Factories: The Stellenbosch Learning Factory (SLF) is a small but realistic production facility used for teaching undergraduate students various concepts related the design, management and improvement of production systems (using a “learning by doing” approach), as well as providing a research facility for research topics related to the “smart factory” of the future (in line with the 4th industrial revolution movement). PRASA Engineering Research Chair: Strategic decisions must be supported by a sound corporate baseline which is founded on scientific merit. This in turn requires that the operations of PRASA be analysed and improved on in terms of efficiency and effectiveness. en on

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Page 1: Industrial Poster 3 - Stellenbosch Universityblogs.sun.ac.za/open-day/files/2021/03/Industrial-Summary.pdf · Faculty of Engineering Research Finder PROF CORNE SCHUTTE ˜CHAIR˚ AND

Faculty of Engineering

Research Finder

PROF CORNE SCHUTTE (CHAIR) AND IMKE DE KOCK

INDUSTRIAL ENGINEERING

Department of Industrial Engineering

Prof Corne Schutte (Chair) and Imke de Kock (Marketing)

The Department of Industrial Engineering had become the prime research location in the Industrial Engineering field in South Africa – there are at any time 130 Masters and 30 PhD students busy with research. The Department has state-of-the-art research facilities, with a newly refurbished building that is dedicated to the Department, encouraging collaboration between groups.

Ten ensure relevance in the modern society, research must be multi-disciplinary. Industrial Engineers have a cross-cutting skillset that is well suited for multi-disciplinary research. The Department is thus continually encouraging research of this nature. (Refer to first diagram inserted below)

The Department not only conducts research – a primary focus is to ensure a human pipeline of expertise for innovation. Industry can participate in a number of ways: (Insert second slide below):

Background

Research Collaboration

Industrial Engineering is a discipline of engineering dealing with the optimization of complex pro-cesses or systems. It is concerned with the development, improvement, implementation and eval-uation of integrated systems of people, money, knowledge, information, equipment, energy, ma-terials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes. Its underlying concepts overlap considerably with certain business-oriented disciplines such as operations management and financial management, but the engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods.

Research in the

department focuses on 2 discipline

areas:

Systems modelling, operations research and decision support: This area focuses on the development of mathematical models and their incorporation into computerised systems aimed at supporting scientifically justifiable and effective decisions in industry. These models draw from the scientific fields of applied mathematics, statistics, industrial engineering and computer science and are applicable in the context of complex problems which admit a large variety of trade-off solutions. Strong decision support ties exist with a number of industry partners in the agricultural, retail, banking, insurance and military sectors, as well as various parastatals, NGOs and non-profit organisations. Examples are:• Routing and scheduling decisions for fleets of delivery vehicles.• Employee duty roster or timetabling decisions for the manufacturing and health sectors.• Shelf-space allocation and inventory decisions for retailers.• Crop irrigation and agricultural pest-control strategy decisions.• Power generator maintenance scheduling decisions in the energy sector.• Facility location decisions for effective supply chain logistics.• Optimal facility or production plant layout.

Data Science and Machine Learning in Industrial Engineering: Optimisation and data science haveevolved separately over several decades. The main objective of this research programme will be to converge these two research fields by capitalising on the synergies between them: many aspects within data science can be formulated as an optimisation problem. This research programme will thus focus on the development of innovative optimisation techniques to produce novel, efficient and robust data science technologies, for use in Industrial Engineering and Engineering Management applications.

Research Areas Engineering Management: Engineering management includes fields such as project-, risk-, innovation-, quality- and performance management, and feasibility studies in the wider sense:

• Enterprise Engineering: The analysis of enterprises (design, implement, operate) including knowledge and information-, innovation-, financial-and technology management.

• Sustainable Systems: The transition to a more sustainable economy and society, which will place emphasis on management of infrastructure/technology, including planning and design.

• Health Systems Engineering: Conceptualizing novel, engineering-based solutions to the challenges facing the healthcare sector. The research hub is specifically focused on facilitating improved healthcare delivery within the public sector in sub-Saharan Africa.

• Innovation for Inclusive Development (I4ID): Analysis, development and evaluation of inclusive innovations, inclusive innovation systems and innovation platforms. The goal is to explore how I4ID may provide solutions to societal problems (access to clean water, healthcare, financial services, etc.).

• Industrial Policy and Beneficiation of Minerals: Investigates how mineral rich countries may optimally leverage their mineral endowments for sustainable development.

• Risk Management: Risk Management is the process of identifying, assessing and controlling unwanted events that could have an impact on the objectives of an organization. Every decision we make introduces risk and in order to grow and develop as a society, we have to take risks. However, those risks need to be managed in order to ensure the long-term sustainability of organizations and society at large.

Manufacturing: This area focuses on development of resource efficient process chains to ensure sustainable manufacturing as value creation system of products, but also for wider application in the services sector.

• Smart Sustainable Advanced Manufacturing: The co-creation of manufactured products through digital, economically-sound process chains that minimize negative environmental impacts, while conserving energy, natural resources and empowering communities. Smart Sustainable Advanced Manufacturing also enhances employee engagement, community interaction and product safety.

• Additive Manufacturing: An emerging technology used to manufacture customised products like a maxillofacial implant that is a surgically inserted into patients who have lost significant portions of their facial bone structure due to cancer and other diseases.

• Micro-manufacturing: The micromachining (milling and turning) and micro assembly of microproducts in which micromaterial handling systems are utilised.

Operations Management: Operations & Supply Chain Management focuses on process excellence from both intra-organizational and inter-organizational points of view.

• Physical Asset Management: The systematic and coordinated activities through which organisations optimally and sustainably manage their assets over their respective life cycles. AM is not only about doing things to assets, but more so about extracting value from the assets to achieve the organisation’s business objectives. AM is therefore multifaceted considering the strategic, tactical and operational aspects of an organisation’s portfolio of assets.

• Supply Chain Management: The work life and the organisational world is changing very fast. Digitalisation and the fourth industrial revolution are accelerating these changes. A key research focus is on the digitalisation of operations, supply chains, and value chains in both the manufacturing, retail, and service environments.

• Learning Factories: The Stellenbosch Learning Factory (SLF) is a small but realistic production facility used for teaching undergraduate students various concepts related the design, management and improvement of production systems (using a “learning by doing” approach), as well as providing a research facility for research topics related to the “smart factory” of the future (in line with the 4th industrial revolution movement).

• PRASA Engineering Research Chair: Strategic decisions must be supported by a sound corporate baseline which is founded on scientific merit. This in turn requires that the operations of PRASA be analysed and improved on in terms of efficiency and effectiveness.

Engineering (and technology) Management on the other hand is a specialized form of man-agement that is concerned with the application of engineering principles to business practice. Engineering management often leads to a career that brings together the technological prob-lem-solving abilities of engineering and the organisational, administrative, and planning abilities of management in order to oversee complex systems from conception to completion. Technology management, as a sub-set of engineering management, is a specialised professional practice that captures technology-based innovation opportunities. It guides technological progress, assesses the potential of individual technologies and uses this potential to the benefit of business, society and the environment.

Department of Industrial Engineering

Prof Corne Schutte (Chair) and Imke de Kock (Marketing)

The Department of Industrial Engineering had become the prime research location in the Industrial Engineering field in South Africa – there are at any time 130 Masters and 30 PhD students busy with research. The Department has state-of-the-art research facilities, with a newly refurbished building that is dedicated to the Department, encouraging collaboration between groups.

Ten ensure relevance in the modern society, research must be multi-disciplinary. Industrial Engineers have a cross-cutting skillset that is well suited for multi-disciplinary research. The Department is thus continually encouraging research of this nature. (Refer to first diagram inserted below)

The Department not only conducts research – a primary focus is to ensure a human pipeline of expertise for innovation. Industry can participate in a number of ways: (Insert second slide below):

Background

Research Collaboration

Industrial Engineering is a discipline of engineering dealing with the optimization of complex pro-cesses or systems. It is concerned with the development, improvement, implementation and eval-uation of integrated systems of people, money, knowledge, information, equipment, energy, ma-terials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes. Its underlying concepts overlap considerably with certain business-oriented disciplines such as operations management and financial management, but the engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods.

Research in the

department focuses on 2 discipline

areas:

Systems modelling, operations research and decision support: This area focuses on the development of mathematical models and their incorporation into computerised systems aimed at supporting scientifically justifiable and effective decisions in industry. These models draw from the scientific fields of applied mathematics, statistics, industrial engineering and computer science and are applicable in the context of complex problems which admit a large variety of trade-off solutions. Strong decision support ties exist with a number of industry partners in the agricultural, retail, banking, insurance and military sectors, as well as various parastatals, NGOs and non-profit organisations. Examples are:• Routing and scheduling decisions for fleets of delivery vehicles.• Employee duty roster or timetabling decisions for the manufacturing and health sectors.• Shelf-space allocation and inventory decisions for retailers.• Crop irrigation and agricultural pest-control strategy decisions.• Power generator maintenance scheduling decisions in the energy sector.• Facility location decisions for effective supply chain logistics.• Optimal facility or production plant layout.

Data Science and Machine Learning in Industrial Engineering: Optimisation and data science haveevolved separately over several decades. The main objective of this research programme will be to converge these two research fields by capitalising on the synergies between them: many aspects within data science can be formulated as an optimisation problem. This research programme will thus focus on the development of innovative optimisation techniques to produce novel, efficient and robust data science technologies, for use in Industrial Engineering and Engineering Management applications.

Research Areas Engineering Management: Engineering management includes fields such as project-, risk-, innovation-, quality- and performance management, and feasibility studies in the wider sense:

• Enterprise Engineering: The analysis of enterprises (design, implement, operate) including knowledge and information-, innovation-, financial-and technology management.

• Sustainable Systems: The transition to a more sustainable economy and society, which will place emphasis on management of infrastructure/technology, including planning and design.

• Health Systems Engineering: Conceptualizing novel, engineering-based solutions to the challenges facing the healthcare sector. The research hub is specifically focused on facilitating improved healthcare delivery within the public sector in sub-Saharan Africa.

• Innovation for Inclusive Development (I4ID): Analysis, development and evaluation of inclusive innovations, inclusive innovation systems and innovation platforms. The goal is to explore how I4ID may provide solutions to societal problems (access to clean water, healthcare, financial services, etc.).

• Industrial Policy and Beneficiation of Minerals: Investigates how mineral rich countries may optimally leverage their mineral endowments for sustainable development.

• Risk Management: Risk Management is the process of identifying, assessing and controlling unwanted events that could have an impact on the objectives of an organization. Every decision we make introduces risk and in order to grow and develop as a society, we have to take risks. However, those risks need to be managed in order to ensure the long-term sustainability of organizations and society at large.

Manufacturing: This area focuses on development of resource efficient process chains to ensure sustainable manufacturing as value creation system of products, but also for wider application in the services sector.

• Smart Sustainable Advanced Manufacturing: The co-creation of manufactured products through digital, economically-sound process chains that minimize negative environmental impacts, while conserving energy, natural resources and empowering communities. Smart Sustainable Advanced Manufacturing also enhances employee engagement, community interaction and product safety.

• Additive Manufacturing: An emerging technology used to manufacture customised products like a maxillofacial implant that is a surgically inserted into patients who have lost significant portions of their facial bone structure due to cancer and other diseases.

• Micro-manufacturing: The micromachining (milling and turning) and micro assembly of microproducts in which micromaterial handling systems are utilised.

Operations Management: Operations & Supply Chain Management focuses on process excellence from both intra-organizational and inter-organizational points of view.

• Physical Asset Management: The systematic and coordinated activities through which organisations optimally and sustainably manage their assets over their respective life cycles. AM is not only about doing things to assets, but more so about extracting value from the assets to achieve the organisation’s business objectives. AM is therefore multifaceted considering the strategic, tactical and operational aspects of an organisation’s portfolio of assets.

• Supply Chain Management: The work life and the organisational world is changing very fast. Digitalisation and the fourth industrial revolution are accelerating these changes. A key research focus is on the digitalisation of operations, supply chains, and value chains in both the manufacturing, retail, and service environments.

• Learning Factories: The Stellenbosch Learning Factory (SLF) is a small but realistic production facility used for teaching undergraduate students various concepts related the design, management and improvement of production systems (using a “learning by doing” approach), as well as providing a research facility for research topics related to the “smart factory” of the future (in line with the 4th industrial revolution movement).

• PRASA Engineering Research Chair: Strategic decisions must be supported by a sound corporate baseline which is founded on scientific merit. This in turn requires that the operations of PRASA be analysed and improved on in terms of efficiency and effectiveness.

Engineering (and technology) Management on the other hand is a specialized form of man-agement that is concerned with the application of engineering principles to business practice. Engineering management often leads to a career that brings together the technological prob-lem-solving abilities of engineering and the organisational, administrative, and planning abilities of management in order to oversee complex systems from conception to completion. Technology management, as a sub-set of engineering management, is a specialised professional practice that captures technology-based innovation opportunities. It guides technological progress, assesses the potential of individual technologies and uses this potential to the benefit of business, society and the environment.

Department of Industrial Engineering

Prof Corne Schutte (Chair) and Imke de Kock (Marketing)

Ten ensure relevance in the modern society, research must be multi-

The Department of Industrial Engineering had become the prime research location in the Industrial Engineering field in South Africa – there are at any time 130 Masters and 30 PhD students busy with research. The Department has state-of-the-art research facilities, with a newly refurbished building that is dedicated to the Department, encouraging collaboration between groups.

Ten ensure relevance in the modern society, research must be multi-disciplinary. Industrial Engineers have a cross-cutting skillset that is well suited for multi-disciplinary research. The Department is thus continually encouraging research of this nature. (Refer to first diagram inserted below)

The Department not only conducts research – a primary focus is to ensure a human pipeline of expertise for innovation. Industry can participate in a number of ways: (Insert second slide below):

Background

Research Collaboration

Industrial Engineering is a discipline of engineering dealing with the optimization of complex pro-cesses or systems. It is concerned with the development, improvement, implementation and eval-uation of integrated systems of people, money, knowledge, information, equipment, energy, ma-terials, analysis and synthesis, as well as the mathematical, physical and social sciences together with the principles and methods of engineering design to specify, predict, and evaluate the results to be obtained from such systems or processes. Its underlying concepts overlap considerably with certain business-oriented disciplines such as operations management and financial management, but the engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods.

Research in the

department focuses on 2 discipline

areas:

Systems modelling, operations research and decision support: This area focuses on the development of mathematical models and their incorporation into computerised systems aimed at supporting scientifically justifiable and effective decisions in industry. These models draw from the scientific fields of applied mathematics, statistics, industrial engineering and computer science and are applicable in the context of complex problems which admit a large variety of trade-off solutions. Strong decision support ties exist with a number of industry partners in the agricultural, retail, banking, insurance and military sectors, as well as various parastatals, NGOs and non-profit organisations. Examples are:• Routing and scheduling decisions for fleets of delivery vehicles.• Employee duty roster or timetabling decisions for the manufacturing and health sectors.• Shelf-space allocation and inventory decisions for retailers.• Crop irrigation and agricultural pest-control strategy decisions.• Power generator maintenance scheduling decisions in the energy sector.• Facility location decisions for effective supply chain logistics.• Optimal facility or production plant layout.

Data Science and Machine Learning in Industrial Engineering: Optimisation and data science haveevolved separately over several decades. The main objective of this research programme will be to converge these two research fields by capitalising on the synergies between them: many aspects within data science can be formulated as an optimisation problem. This research programme will thus focus on the development of innovative optimisation techniques to produce novel, efficient and robust data science technologies, for use in Industrial Engineering and Engineering Management applications.

Research Areas Engineering Management: Engineering management includes fields such as project-, risk-, innovation-, quality- and performance management, and feasibility studies in the wider sense:

• Enterprise Engineering: The analysis of enterprises (design, implement, operate) including knowledge and information-, innovation-, financial-and technology management.

• Sustainable Systems: The transition to a more sustainable economy and society, which will place emphasis on management of infrastructure/technology, including planning and design.

• Health Systems Engineering: Conceptualizing novel, engineering-based solutions to the challenges facing the healthcare sector. The research hub is specifically focused on facilitating improved healthcare delivery within the public sector in sub-Saharan Africa.

• Innovation for Inclusive Development (I4ID): Analysis, development and evaluation of inclusive innovations, inclusive innovation systems and innovation platforms. The goal is to explore how I4ID may provide solutions to societal problems (access to clean water, healthcare, financial services, etc.).

• Industrial Policy and Beneficiation of Minerals: Investigates how mineral rich countries may optimally leverage their mineral endowments for sustainable development.

• Risk Management: Risk Management is the process of identifying, assessing and controlling unwanted events that could have an impact on the objectives of an organization. Every decision we make introduces risk and in order to grow and develop as a society, we have to take risks. However, those risks need to be managed in order to ensure the long-term sustainability of organizations and society at large.

Manufacturing: This area focuses on development of resource efficient process chains to ensure sustainable manufacturing as value creation system of products, but also for wider application in the services sector.

• Smart Sustainable Advanced Manufacturing: The co-creation of manufactured products through digital, economically-sound process chains that minimize negative environmental impacts, while conserving energy, natural resources and empowering communities. Smart Sustainable Advanced Manufacturing also enhances employee engagement, community interaction and product safety.

• Additive Manufacturing: An emerging technology used to manufacture customised products like a maxillofacial implant that is a surgically inserted into patients who have lost significant portions of their facial bone structure due to cancer and other diseases.

• Micro-manufacturing: The micromachining (milling and turning) and micro assembly of microproducts in which micromaterial handling systems are utilised.

Operations Management: Operations & Supply Chain Management focuses on process excellence from both intra-organizational and inter-organizational points of view.

• Physical Asset Management: The systematic and coordinated activities through which organisations optimally and sustainably manage their assets over their respective life cycles. AM is not only about doing things to assets, but more so about extracting value from the assets to achieve the organisation’s business objectives. AM is therefore multifaceted considering the strategic, tactical and operational aspects of an organisation’s portfolio of assets.

• Supply Chain Management: The work life and the organisational world is changing very fast. Digitalisation and the fourth industrial revolution are accelerating these changes. A key research focus is on the digitalisation of operations, supply chains, and value chains in both the manufacturing, retail, and service environments.

• Learning Factories: The Stellenbosch Learning Factory (SLF) is a small but realistic production facility used for teaching undergraduate students various concepts related the design, management and improvement of production systems (using a “learning by doing” approach), as well as providing a research facility for research topics related to the “smart factory” of the future (in line with the 4th industrial revolution movement).

• PRASA Engineering Research Chair: Strategic decisions must be supported by a sound corporate baseline which is founded on scientific merit. This in turn requires that the operations of PRASA be analysed and improved on in terms of efficiency and effectiveness.

Engineering (and technology) Management on the other hand is a specialized form of man-agement that is concerned with the application of engineering principles to business practice. Engineering management often leads to a career that brings together the technological prob-lem-solving abilities of engineering and the organisational, administrative, and planning abilities of management in order to oversee complex systems from conception to completion. Technology management, as a sub-set of engineering management, is a specialised professional practice that captures technology-based innovation opportunities. It guides technological progress, assesses the potential of individual technologies and uses this potential to the benefit of business, society and the environment.