Knowledge Management (KM) is the systematic process and management of the organisation’s knowledge and information assets that involves activities related to the gathering, using and sharing of knowledge within internal and external organisation. A KM consists of the initiatives (seeking external knowledge for gaining new knowledge), processes (refinement and creation of knowledge), strategies (using knowledge and evaluating value), and systems (storage, assessment, sharing, and developing the best knowledge).
Reference Definition by OECD: Knowledge management involves activities related to the capture, use and sharing of knowledge by the organisation. It involves the management both of external linkages and of knowledge flows within the enterprise, including methods and procedures for seeking external knowledge and for establishing closer relationships with other enterprises (suppliers, competitors), customers or research institutions. In addition to practices for gaining new knowledge, knowledge management involves methods for sharing and using knowledge, including establishing value systems for sharing knowledge and practices for codifying routines.
Related Definitions in the Project: The Project Management
