3min chapter

Center Stage: The Voice of The Project Economy cover image

Talking about Project Knowledge

Center Stage: The Voice of The Project Economy

CHAPTER

The Importance of Knowledge Management

knowledge is the biggest expense you have in any organization, says PMI CEO. If an organization spends 60 to 70% of its budget on knowledge, it's a huge cost for that kind of intangible. Most knowledge in organizations is local and doesn't travel easily or plop up everywhere at once. How do you get this knowledge out of the local context so everyone can use it in some ways? That's part of the knowledge initiative that PMI is developing as we speak.

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