Funding project ROI with knowledge management

By practicing knowledge management, project-oriented organizations enable their project teams to learn in significant ways from previous projects, knowledge that can help these teams mature their project process and realize outcomes that achieve significant business benefits. This paper examines how organizations can use knowledge management to improve their return on project investments. In doing so, it identifies the challenges involved in capturing a project team's knowledge and the significance of communicating effectively; describes the primary differences in managing projects and in managing knowledge. It also defines three types of project team collaboration--collected, coordinated, and concerted. It then outlines an approach for practicing knowledge management, one that involves using an electronic project repository to document projects and several types of incentives to induce knowledge sharing among project teams. It details the process of transferring project knowledge across organizations, pointi
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