Hi-Tech/Software Technology parks are being developed in many countries to create an efficient work environment for knowledge based industrial development. Major aim of these technology parks is to attract foreign companies to set up operations and to transfer the indigenous technological capability for the development of the local industries. The aim of this work is to find out factors that influence technology park development and a suitable strategic framework for successful implementation of Hi-Tech (HTP) and Software Technology Park (STP) in Bangladesh. For this study Analytic Hierarchy Process is applied as a Multi-Criteria Decision-Making Method (MCDM) which is a technology assessment tool. The assessment has been conducted by considering infrastructure, strategic & business support & governance as criteria and basic facility, digital facility, social facility, research & strategic facility, industrial chain & innovation facility, capacity development, policy support, operational modality, and park management as sub criteria. IBM SPSS (Statistical Package for the Social Sciences) software also used for identifying the key variables. At the end operational modality-based process is suggested for HTP/STP development.