What is Technology Assessment?

Legal Definition
Technology assessment (TA, German Technikfolgenabschätzung, French évaluation des choix scientifiques et technologiques) is a scientific, interactive, and communicative process that aims to contribute to the formation of public and political opinion on societal aspects of science and technology.
-- Wikipedia
Legal Definition
Estimation of the effect a new product and process has on a firm's operations, other firm, society and environment.