Management uses dss for strategic decisions, middle management uses for tactical decision while first line supervisors use deploy it for day-to-day operational decisions, developing a knowledge management strategy provides a unique opportunity to gain a greater understanding of the way your organization operates, and the challenges that confront it, by the same token, research on diversification strategy, management matching, and cognitive model of top management team.
Effective knowledge management involving sharing, all of which can help in enhancing the knowledge bandwidth of project teams, modern project management is about capturing the information necessary to track tasks, and provide data for managers to make decisions. In short, requirements gathering is an essential part of any project and project management.
However, for your business to grow and remain healthy, you must master certain basic skills in management and leadership — skills that will help you avoid the crisis situations where you have to do whatever it takes to stay afloat, complex new tools are brought into play at a hectic pace, and huge amounts of data are gathered and need to be analyzed and managed in an effective way. Also, an architecture must be built to initiate and implement organization-wide knowledge management initiatives.
Focuses on the collection and organization of the tools that you will use while managing the project, that is why integration management is so important a knowledge area for project managers because that is exactly what it does, furthermore, basically knowledge management is the process of converting information into valuable knowledge that essential and vital for organization success and leading the market.
Organizational performance management focuses on individual employees. As well as on teams, programs, processes, and your organization as a whole, participative (or participatory) management, otherwise known as employee involvement or participative decision making, encourages the involvement of stakeholders at all levels of your organization in the analysis of problems, development of strategies, and implementation of solutions, also, strong project portfolio governance will give you the visibility to know how projects are doing and know when projects go off-track.
Traditional project management is a project management approach that will work for most domains and environments, apply in risk management, all of which can be applied at various levels ranging from the development of a strategic, organization-wide risk policy through to management of a particular project or operation. Also, program management and portfolio management facilitate better communication and coordination among projects and programs, resulting in enormous benefits to economies of scale and fewer risks.
Information management is a corporate responsibility that needs to be addressed and followed from the upper most senior levels of management to the front line worker, akin practices include establishing clear accountabilities, defining objectives and outcomes, establishing the scope, planning, monitoring, and reporting controls for project activities, thus, organizations must be held and must hold its employees accountable to capture, manage, store, share, preserve and deliver information appropriately and responsibly.
Project management knowledge areas coincide with the process groups, which are project initiation, project planning, project execution, monitoring and controlling, and project closing, neither traditional mentoring programs nor knowledge management systems can fully meet knowledge transfer needs. As a matter of fact, to get the most from your knowledge workers, and to create an environment where new ideas can flow and flourish, follow akin basic leadership and management practices.
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