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Consultancy

Project & KM

Project management is a discipline that utilises a specific set of tools and techniques and the application of knowledge and skills to meet agreed objectives to achieve specific outcomes. Most project management training and methodology does not explicitly recognise the management of knowledge as a vital resource for successful projects, particularly, the knowledge needs and outputs of project teams. Knowledge needs to be recognised as a resource to be managed, like any other physical, financial or manpower resource, and a KM plan for a project is just as important as a risk management plan.

Straits Knowledge, through its engagements on knowledge management initiatives, is able to provide an integrated project and knowledge management methodology and training for its clients. The methodology has two interwoven threads of project management and knowledge management methods, utilising good practices learnt from training, research and experience.

The benefits of project knowledge management are that it:

• Improves the speed of project completion as it reduces the learning curve for the project team who benefit from the expertise and experience of others
• Avoids information overload as it focuses the project team on their critical knowledge (and information) needs
• Reduces the costs of doing, redoing and undoing through techniques for managing risks and other uncertainties
• Makes visible the expertise and experience of project team members as a result of the project
• Provides a register of the knowledge assets produced in and from the project

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