The application of financial management principles and techniques to science and technology investments and research and development projects. It will enable technology managers to estimate return on investment of R&D projects, value technology assets, quantify risk and make sound replacement and upgrade decisions for S&T projects. By the end of the course, students will be able to build financial models and make presentations to senior executives explaining the value creation potentially arising from investments in R&D, new product development, as well as infrastructure necessary to sustain the enterprise.