Applying Knowledge Management Principles in Managing Projects

This book is focused on integrating Knowledge Management (KM) with Project Management (PM) during various phases such as project selection, initiation, plan, execution and closeout for all types of projects and project methodologies such as traditional or agile, and various types of projects including global and mega projects.Both PM and KM are highly relevant in the current global economy. Integration of KM and PM improve organisational performance in delivering products or services better, faster, and cheaper. KM helps in improving communication, productivity, decision making, and collaboration within a project team and across projects. Applying KM principles improves skills and experience of project team members. Using KM with PM will lead to several benefits such as better project integration, reduced risk associated with unknown factors, and continuous improvement of project execution. KM will also help to distil new processes from previously executed projects.