Cardinal Wtrl: Technology Maturity, Schedule Slippage and Trend Forecasting.

Abstract

Maturity assessments of technology is a crucial process to identify and acquire compatible technologies for a system’s development. However, being a complex and highly subjective process, the Government Accountability Office (GAO) has reported cost overruns and schedule slippages through the years. This study provides a unique Weighted Technology Readiness Level (WTRL) framework which utilizes cardinal factors to ascertain the maturity, schedule and trend of NASA’s 7 Technologies based on their maturity time. The framework utilizes MCDM methods to determine the cardinal complexity of each TRL. It allows the assimilation of other cardinal factors using a simple, open structure to track the overall technology maturity and readiness. Furthermore, this study highlights the importance of tailored TRL frameworks to determine the accurate cardinal coefficient of the said technology and the inferences derived otherwise. It eliminates several limitations of previous frameworks and compares against their performance using a verified statistical representation of processed data.