Manifestly covariant quantum theory with invariant evolution parameter is a parametrized relativistic dynamical theory. The study of parameterized relativistic dynamics (PRD) helps us understand the consequences of changing key assumptions of quantum field theory (QFT). QFT has been very successful at explaining physical observations and is the basis of the conventional paradigm, which includes the Standard Model of electroweak and strong interactions. Despite its record of success, some phenomena are anomalies that may require a modification of the Standard Model. The anomalies include neutrino oscillations, non-locality, and gravity.The two key QFT assumptions that are altered in PRD are the following: fields depend on space and time; and interactions between fields are local. Locality and nonlocality refer to the correlation of particles with space-like separation. A local theory does not allow the existence of greater than light speed correlations, while a non-local theory does. PRD is a non-local theory that allows fields to depend on space, time and an invariant evolution parameter. A formulation of PRD is presented together with applications that can be directly compared to results from the conventional paradigm.