Knowledge Management Essay

792 words - 4 pages

QUESTION 1

a) What is the definition of knowledge management?
Knowledge management can be define as a systematic process to acquire, create, synthesize, share and use information, insights and experiences to transforms ideas into business values.

b) In your opinion, should an organization invest in knowledge management initiatives? Justify.
Yes. Organization should invest in knowledge management initiatives because Knowledge Management is the discipline of enabling individuals, teams and entire organizations to collectively and systematically create, share and apply knowledge, to better achieve their objectives. It is the best practices on project documenting, lesson learned and how to deal with project success and failure. The experiences gained make the person more mature and same goes to the organizations.

QUESTION 2

The laptop you have been using since the first year of undergraduate studies is showing signs of wear. You are thinking of replacing it, but you have not decided for sure yet.
Create a scoring model to analyze whether you should purchase a new laptop. Your alternatives are
a) Keep your laptop
b) Purchase a brand new laptop
c) Purchase a used laptop

CRITERIA
WEIGHT
MY LAPTOP
BRAND NEW LATOP

USED LAPTOP

BRAND
5%
5
5
5

OPERATING SYSTEM

20%
10
20
17

CPU

20%
15
20
17

MAIN MEMORY

20%
8
20
15

STORAGE

10%
4
8
10

GRAPHICS ACCELERATOR

15%
7
15
15

DISPLAY

5%

3
5

4

BATTERY LIFE

5%
3

5
5

TOTAL SCORE

100%
8.60
15.80
13.75

From the scoring model review, I probably purchase a new laptop as it has higher total score and satisfying my needs.

QUESTION 3

You are working on a project for TMP 3113 Project Management, with your team members that you have selected earlier this semester. Complete a stakeholder analysis using the Stakeholder Analysis Chart.

Stakeholder Role on Project Objective on Project Potential Conflicts Level of Interest Level of Influence Suggestions
On Managing Relationship

Sabrina Razak
Project Manager
Competitor for company resources and lead the projects so achieve its MOV.
Resources are not available
+1
5
Work closely with project stakeholders and project team.

Fateha Noordin
Project Team:
Inventory Analysis
Provide a detailed count of the current physical inventory.
Project will change numbers of business process.
+1
4
Make sure she reviews...

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