KNOWLEDGE CREATION

Knowledge Creation



Knowledge Creation

Introduction

Along with the arrival of the internet, we are now capable of accessing an irresistible amount of knowledge that we get on the daily basis including the amount of information that is accessible is increasing at a quick pace. It can be very simple in order to get misplaced within the experience or data that is known as the “information overload”. The prevalent challenges for the organizations and individuals are the way to accurately utilize and manage information and knowledge, significantly with very less resources. The way we can acquire the maximum usage of information and knowledge in order to function more effectively, sustain a competitive advantage and improve the process of decision-making (Wenger & Snyder, 2000: 139).

We can observe an increasing interdisciplinary field that is called the “knowledge management” which is committed to the ways we utilize, share, manage, organize, and acquire information and knowledge. This specific white paper will be discussing about:

“knowledge management”

The importance of “knowledge management” specifically in the economy that is based on knowledge

The ways we can relate “project management” and “knowledge management”

The process through which Area of Practice is capable of supporting the functioning of knowledge within the organization

“ Knowledge Management”

This evolution and concept of (KM) “knowledge management” holds the foundations within the work through management theorists like Peter Senge, Paul Strassman and Peter Drucker. “knowledge management” could be complicated to describe, since it holds a broad variety of techniques, concepts, gears and practices. Within the book by Sushil K. Sharma and Jatinder N. D. Gupta (Creating Knowledge Based Organization), “knowledge management” for the organizations consist of activities focusing on the organization improving knowledge through its perosnal experience and from the experience of others on the sensible application of that knowledge to fulfil the task of the organization” (Pitagorsky, 2008: 19).

In order to support the purpose of the study, it can be ideal to describe “knowledge management” in provisions of the way it particularly relates to the “project management”. In this “knowledge management” is described by Gerard Hill in the book called “Complete project management Office Handbook” in a way “managing organizational information and knowledge that will allow increased capabilities of “project management” and to accomplish value for business through the capacity”. Gerard continues to state that within “knowledge management”, we are capable of moving through just transferring the data towards “the conveyance of interpretations, experiences, perceptions and ideas that go beyond the easy of exchanging the information”.

He is trying to state with the help of this definition that the “knowledge management” is capable of taking communication of the project towards the preceding level. This is the method where the information is changed into knowledge which then is utilized like the asset for the organization (Levin and Rad, 2007: 149). This knowledge for ex. That is capable of being used in creating more effective process of business and advancing the tradition of the “project management”. KM is known to be complimentary and is capable of enhancing different methods of learning management ...