KM: The Knowledge Machine A knowledge representation and reasoning system
Knowledge Management (KM) & CM
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Transcript of Knowledge Management (KM) & CM
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Knowledge Management (KM) & CM
Lloyd HancockLRH Consulting Services
June 2, 2008
Shell Beach, CA
RightInformationPersonTime
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SUMMARY
What is Knowledge Management (KM) Why KM is Being Discussed Now KM Improvement Case Studies Practical Approaches to Improving KM KM Lessons for CM
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What is KM?
Two Types of Knowledge Tacit (What’s in your head) Explicit (What you write down) What Knowledge Isn’t Just Data or Information (Product of
Someone’s Explicit Knowledge)
Knowledge is your understanding based on experience and training
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What is KM?
Identify where Knowledge Resides Who Knows What Develop Ways to Capture Knowledge Videotaped interviews Develop Knowledgebase Encourage/Recognize Small Successes
Managing Knowledge is like herding cats
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Why is KM such a Hot Topic Now?
Knowledge Recognized as Capital Time & Money Spent for Training KM Improvements seen on Bottom Line Aging Workforce Worldwide Technology Advancements Computer Hardware/Software Video-conferencing
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KM Improvement Case Studies British Petroleum Instituted Peer Assists – Frequent Activity
Assessments – Post Activity Critiques Reduced Oil Field Development Costs $80M Ford Motors Analyzed 42 Activities at 38 Plants Worldwide Mounting wheels varied from 1.5 to 8 mins Instituted Benchmarking & Sharing Best
Practices Saved $750M over 1st 5 years
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Practical KM Improvement Techniques Require Trip Presentations on Return Post-Activity Reviews/Critiques Benchmarking – CoPs – Peer Exchanges Improved Meeting/Brainstorming
Techniques Meeting Room Arrangement Piling On Approach Café Style
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KM Lessons for CM Both Promote Maintaining Accurate Data and
Making Data Accessible Continue Benchmarking Improve CM Knowledgebase on CMBG Website Post Industry Surveys and Results Advertize Industry CM Best Practices Provide Place to Share Lessons Learned Integrate with KM Initiatives -
Globally/Locally
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Questions?
Breakout Session this Afternoon