Effective Knowledge Management in Projects: Characteristics and Integration

Abstract

The integration of effective Knowledge Management (KM) in projects is founded on numerous factors. These factors include available resources, KM tools, leadership, organizational culture, and project objectives and goals among others. It is very important to set priorities for these considerations and factors in order to ensure effective KM integration into projects. Despite the fact that Project Knowledge Management (PKM) is characterized by numerous beneficial implications, it is also associated with risks. These risks include potential delays in project implementation and budget deficits. The Project Knowledge Management Life Cycle (PKMLC) includes five main stages: the knowledge creation, knowledge storage, knowledge dissemination, knowledge learning, and knowledge improvement. Each phase is essential towards the attainment of overall efficiency in the integration of KM into projects.

Keywords: Knowledge Management (KM); Project Knowledge Management Life Cycle (PKMLC); Project Knowledge Management (PKM); Project Knowledge Management Integration (PKMI); Project Knowledge Management Risks and Mitigations; Project Knowledge Management Tools and Techniques.