Why Knowledge Management in Project-Based Companies?

Abstract

It was the 1980s when knowledge was supplanting physical assets as the dominant basis of capital value and when the current interest in knowledge and possibility of creating more and using it better began. Knowledge management emerged as a new branch of management theory, starting with the evidently knowledgeled industries, and progressive companies were quick to take up the idea. Their experience fed back into research, and understanding of the processes by which knowledge is acquired, shared and used, and how they can be improved, grew rapidly.