Knowledge Management - Decision Making Support in Project Environment

A feature typical for project environment is uncertainty resulting from risks, changes and a unique procedure of the project implementation. The managers in such environment fairly often encounter unstructured problems that, when knowledge management is applied, can be transformed into structured problems. A correct conception of knowledge management in an organization and setting up the individual processes, which are carried out within project management, help to reduce uncertainty. In another case, it helps management in increasing the success probability while defining opportunities / threats, and thus also when selecting a project. Knowledge management helps the project team to identify the risks that might threaten the project objective. Knowledge management is a tool for fairly fast and convenient attainment of project's success.