Technology development initiatives are objectively evaluated using a framework that includes a set of evaluation parameters and scoring rules. Predefined evaluation parameter values are associated with the evaluation parameters. The evaluation parameters are also associated with scoring rules that can be used to generate score component associated with the evaluation parameters. The evaluation parameters are also grouped and the score components associated with the evaluation parameters are modified based on a scoring rule for the evaluation parameter group. The modified score components are used to generate final scores for the technology development initiatives, and the final scores are used to evaluate the technology development initiatives relative to other initiatives or relative to thresholds.
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