20/20 foresight

Research has shown that those project-oriented organizations which are most susceptible to losing money are those that fail to capture and transfer project-generated knowledge: The expense of continually reinventing solutions that previous project teams developed can needlessly drain an organization's resources. New technologies, however, are helping organizations more easily transfer lessons learned from one project to the next. This article discusses how the latest technology can help organizations better manage and share their knowledge. In doing so, it describes the advantages of using Weblogs--better known as blogs--and wikis. It also explains how two companies--London's Transdevelopment and Boston's Bain & Company--collect, store, and transfer the knowledge they have gained from implementing projects. It then looks at how data repositories help organizations operate more effectively and more efficiently. It also identifies the factors that often hinder organizational initiatives to learn from project ex
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