Leveraging Knowledge to Improve Project Management and Execution

For project-oriented organizations, managing the flow of knowledge within and around projects is—or should be—a critical concern. A project team working in isolation, without easy access to information from past projects, is likely to require more time and may end up recreating intellectual property that already exists elsewhere in the organization. By contrast, when knowledge is effectively transferred among projects, teams are often able to jumpstart new projects by following recommendations and adapting existing materials. For this reason, it is not surprising that an increasing number of best-practice organizations are integrating knowledge management (KM) approaches into their project management processes.