Searching for knowledge in the PMBOK guide
an application of agent-based simulation
Numerous types of organizations are now practicing project management to design and implement significant change. But such efforts--as recent research has shown--continually fail to meet expected cost and schedule targets. This article examines how knowledge management (KM) can help organizations improve their project outcomes, how KM can help them share, integrate, create, store, and use knowledge. In doing so, it overviews recent studies showing how KM affects project outcome and discusses the authors' research on using KM theory and practice to realize successful projects, an effort that involved analyzing PMI's PMBOK Guide to identify the KM practices embedded within each of the guide's 44 processes, an effort that included defining the types of knowledge and developing a knowledge classification framework from previously published models and established concepts (i.e., SECI model, project-based learning, Knowledge Map and Knowledge Inventory, Cognitive Collaboration).