Some more discoveries.
1. When the Dell P2714T touch panel is working, the
Touch Keyboard icon appears in the Windows 8 task bar: (leftmost shown)
2. The icon disappears at certain points, not always consistently. For example, when taping a desktop icon.
3. When the icon disappears, the touch panel ceases to work.
4. The icon may reappear by itself or it can be forced to reappear when using the mouse to wake the on-screen cursor and click something.
5. In Parallels / Devices / External Devices, the Dell Touch Panel I/F (USB) must be selected but it's called "Vendor 2149 - Composite".
6. Unplugging the USB connection to the monitor can cause the touch panel to stop working.
7. Turning the monitor off can cause the touch panel to stop working.
8. Invoking the Windows 8
Tablet PC Settings /
Setup or
Calibrate can cause the touch panel to stop working.
All very "unstable" but "supported" nevertheless somehow.