Knowledge Management is not an Oxymoron


As a project manager, you may be too busy putting out new releases and fires to think much about knowledge management. I get it. However, from an organizational perspective, effectively managing the critical resource called, “knowledge” can make the difference between winning and losing in a competitive marketplace.

Serious thinkers have offered insight into the essence of knowledge over the centuries. For project management though, I particularly like this observation from Mark Twain, “A man who carries a cat by the tail learns something he can learn in no other way.” Not quite true, Mr. Twain. Knowledge management processes help you learn without trial and error as your only guide.

Think of knowledge as data enhanced with context. For example, the values 35, 57, 25, and 10 are bits of data that are not particularly useful by themselves. However, when placed in a table called, “monthly number of user complaints,” with columns labeled, “January”, “February”, “March” and “April,” you have information. Correlate the table with another piece of information – that there was a new software version released in March — and you have some useful knowledge or at least a potentially significant correlation.

 

 

 

 

 

 

 

Why Knowledge Management

  • Shorten the time from needing information to finding it—for example, most knowledge workers spend from 15% to 35% (or an average of 25%) of their work time searching for information
  • Reduce the duplication of existing information—for example, in most organizations we spend 10-15% of our time duplicating existing information (that we don’t know already exists)Make training more relevant—experts believe that 80% of what people actually learn today is informal—collaborative, “water cooler” discussions, from a mentor, or from a work group
  • Identifying commonalities in failures and successes
  • Developing realistic costs based on experience
  • Improve customer service and help desk response times by tracking previous problems and resolutions for reuse
  • Recognize the value of employee’s knowledge by providing  tools such as My Sites that enable rich profile sharing, discussion groups, and internal blogs
  • Improve decision making by using accurate, timely information, as well as the wisdom of others
  • Transfer existing knowledge to other parts of the organization by making it more readily available and organizing it for easy access and reuse
  • Facilitate interaction with remote team members through collaborative portals and tools like discussion groups, forums, and blogs

Project Manager KM Support Activities

  1. Investigate knowledge management basic principles and techniques (see some resource links below).
  2. Take advantage of the expertise of a KM professional. Areas where a professional helps establish a useful knowledge management system include knowledge acquisition, adding context to documents, retrieving knowledge through queries, tool selection and training.
  3. Brainstorm with your team about concepts, information and data that help them do their jobs. Extract from this discussion key words and concepts to represent within the KM document index.
  4. Work with any internal KM initiatives to ensure that information relevant to project management is captured. Offer to help in adding context information that project managers need.
  5. Evaluate tools to facilitate KM tasks — creating, capturing, refining, storing, managing and disseminating — information. Many helpful tools may already be part of your existing tool base.
  6. Create a common schema for tagging document content to improve search and retrieval by adding context and relationship information. (Context information typically provides answers to the questions: who, what, when and where. Relationship tags may include qualifiers such as how much, how long, part of, similar to, owned by, causes and categorization.)
  7. Build or use a smart search capability that is able to use the context and relationship information stored with the documents. You can find tool options by searching the web for tools that claim, “intelligent search”, “smart search”, “ontology-based search”, “enterprise knowledge management.” Or, better yet, ask your KM consultant.
  8. Practice.

Resources:

3 Responses to “Knowledge Management is not an Oxymoron”

  1. Managing Fear Says:

    Hi,

    Nice blog ..thanks for shearing a nice info about project management ………plzz keep it up

  2. Knowledge Management – some thoughts « Online Presence Management Says:

    […] No Project blog published this awesomeness of an article on Knowledge Management. Here is a summary […]

  3. Osaamisen Johtaminen Says:

    Yes it is a very great blog.Thanks for the share well done..


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