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Success Factors in Knowledge Management

Knowledge management professionals must keep in mind that KM’s explicit end-goal is profitability while its implicit purpose is to empower participants through intellectual platforms and processes that promote learning and practical knowledge.

Knowledge, without a doubt, plays an important role in the success of any organization. In fact, in order to maintain a competitive advantage, modern organizations incorporate knowledge creation, knowledge sharing, and knowledge management into their business processes. The mere survival of many organizations hinges on the strength of their capabilities; moreover, companies form decisions based on their relevant knowledge of their business landscapes.

Thanks to developments in information and communication technologies, it is now easier to develop, store, and transfer knowledge. This capability is particularly true among organizations with global workforces. After all, international competition and globalization are the driving forces behind most technological innovations, and companies quickly take advantage of these developments when it comes to managing the creation and flow of information.

“Ultimately, leveraging relevant knowledge assets to improve organizational performance is what knowledge management is all about,” says Murray E. Jennex in his book, Knowledge Management in Modern Organizations (2007). However, in spite of the lightning-speed creation of new knowledge and the improvements in communication technologies, many organizations still find that their knowledge management practices are lacking. Specifically, within client-consultant relationships, knowledge transfer does not always translate into better performance by all project team members, nor does it always translate into the successful delivery of projects.

To be successful, knowledge management programs require more than simply conducting training sessions or transferring knowledge. Practitioners must always remember that KM’s explicit end-goal is profitability – while KM’s implicit purpose is to empower participants by providing them with the intellectual platforms and processes that promote learning and practical knowledge.

Here are a few factors that contribute to successful knowledge management initiatives:

  • Linkage between knowledge and economic performance – Knowledge management exists because it enables the organization to reach its business goals. Otherwise, there is no point in putting together all the best practices, tacit knowledge, and skill sets in a cohesive system that is accessible by all parties – when and where they need it. As business increasingly becomes more global, the competition for greater market share depends on the capabilities of its players to a certain degree. KM practitioners must be able to identify the business value of knowledge management in their organizations – whether it is to manage projects, provide back-office operations services or to give ideas on how processes can be better optimized – among others. In most consulting relationships, knowledge is the currency by which all transactions are made.
  • Setting and communicating clear objectives for specific organizational or project levels – Heather Kreech, the Director of Knowledge Communications of the International Institute for Sustainable Development has some specific ideas on this very subject. In her paper, Success Factors in Knowledge Management (2005), she states that knowledge-sharing works best when knowledge managers “gather and communicate knowledge at the project/activity/field level before [they] begin to aggregate up to corporate systems and general knowledge marketing strategies”. Having a specific organizational level or project group in mind, results in better designed knowledge management systems, training programs, and tools that can meet the specific needs of workers.
  • Having the appropriate systems and infrastructure – Ideally, knowledge is created, processed, stored, and archived. Managing the process of creating knowledge, communicating this knowledge to participants, and making knowledge available to anyone in the organization, means that an organization must have the right communication systems and data storage facilities. However, it is not enough to simply store knowledge as this knowledge must be found whenever it is needed. Thus, the availability of internal search facilities and computer-based training programs is critical.
  • Having the right champions – KM initiatives need project and process champions who can rally the support of everyone – from top management down to individual staff members. Having management support can result in the freeing up of resources – such as financial, expertise, and infrastructure – all of which are critical to the successful implementation of KM projects. Financial backing means that KM managers can implement training programs, hire both internal and external specialists – as well as acquire the required infrastructure to manage training programs. On the other hand, access to experts from either within or outside the organization, means better identification of knowledge gaps and training requirements, and more importantly, engineering training and communication programs that meet the said needs.

By ExecutiveBrief
Technology Management Resource for Business Leaders
http://www.executivebrief.com
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Vicarious Goal Completion

Bear with me…  Vicarious Goal Completion is a pretty obscure title, but there’s logic to it.  🙂

Psychologists have observed a strange human peculiarity.  And it relates directly to project management.  It’s called Vicarious Goal Completion.  Researchers first encountered it while studying fast food menus.  Can I get you to bite?

When fast food menus contain a “Salad” choice or other healthy food items, people purchase the junk food instead! 

Here’s why: People who see healthy items on a menu feel good about their weight loss goals and give themselves permission to indulge a little.  So, they eat the burger and fries instead.  In other words, they remember eating good and believe they have already attained their goals, so that gives them permission to splurge.  The goals are completed vicariously through the menu itself.

Obviously, this is just a slick way of tricking oneself into dodging responsibility.  They used to call this laziness.  Any excuse to pig out.

I’ve notice the same behavior with software downloads and project tasks.  The ratio of downloads to form-completions is pitifully low.  In other words, people take the time to fill out a download form, but never actually install and test the software.  Vicarious Goal Completion!  The person believes they have finished the job, when in fact, they have only just begun.  Filling out the form gives them a warm fuzzy feeling about the goal of procuring software, and that warm feeling is enough to satisfy them.  They don’t actually care if they download, install, and test.  They have met their goals and that’s all that matters.

The same is true of project management.  Beware of employees who start tasks, but never complete them.  Once a task is started, good feelings arise.  Those good feelings give the employee permission of quit because they feel they have already finished, or full completion is within sight.  Vicarious Goal Completion!  Nobody likes to take their project tasks to the uttermost level of completion – unless forced to do so.

 

–ray

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Technologies that Matter in a Slow Economy

Bare-bones hardware and software, and all things virtual dictate the game of computing in a slow economy.

A recent advertisement by Microsoft caused a stir among the Mac-loving community of tech workers. The ad shows a flame-haired Lauren looking for a 17-inch laptop for under $1,000. The challenge is that if she finds one that meets her specifications, she gets to keep the laptop and the change from the $1,000. And so she first goes to a Mac store where the only thing that falls within her budget is a 13-inch Macbook. Slightly dejected, she drives off and along the way says the line that struck a raw nerve among Mac fans and probably Apple itself: “I’m just not cool enough to be a Mac person.”

She enters another computer store where she finds two laptops that meet her needs on top of her 17-inch monitor requirement for only $699. The ad ends with the line, “I’m a PC and I got just what I needed.”

Ever since the TV spot came out, the Mac community has been up in arms, dismissing all things PC and the operating system that most of the time goes with it. However, pundits believe that no matter how “cool” Mac may be, the deciding factor for buying PC is price point. When things are tough and everyone is worrying about their finances, notwithstanding the availability of disposable income for some, people are conscious about the amount of money they spend on technology.

The same is true whether one is buying technology services, software, or hardware. As the world gets on with the current crisis, technology is responding at rapid speed to manage the needs of individual and enterprise tech buyers everywhere.

So what are the technologies that actually matter in this climate? Here are a few:

Virtualization – Video conferences, virtual meetings, and screen sharing are just a few of the ways the tech world is replacing bricks-and-mortar or traditional modes of conducting daily business. Virtualization makes it possible for workers to overlap work schedules across different time zones and collaborate on projects that are stored in different parts of the globe. Moreover, telecommuting becomes a trend even–or especially–among large enterprises who benefit from lower overhead costs and thankful workers who are happy to skip daily commutes and save on gas. Who needs to be physically present at the office when you can access your virtual desktop hosted by an outsourced data center?

Cloud Computing – Technology suppliers, from Microsoft to Sun to Amazon to startups, have embraced cloud computing as the next wave of business technology service. Buyers need applications and services that can be deployed as soon as possible and with as little maintenance required. Cloud computing also eliminates the need to build armies of engineers to create applications that can be “rented” anyway.

Enterprise Telecommunications – Businesses are getting savvier when it comes to enterprise communication, that any meeting, conference, or messaging that can be done via BlackBerry, VoIP, or company-supported IMs is welcome. Those that can invest in infrastructure requirements to put these technologies in place for two reasons: (1) to minimize the cost of or need for business travel and (2) to facilitate seamless communication among workers from different locations.

Open-Source – In early February, the British government released a policy that emphasized preference for open-source over proprietary software in order to cut down cost on technology spending. With proper due diligence, the move is surely to be copied by various industries everywhere in the quest to manage operating costs while remaining productive and responsive to customer demands.

Bare-Bones Hardware – The popularity of netbooks can be attributed to its portability, and a more so to a much friendlier price point. As software and file management move to the clouds and storage becomes cheaper, tech buyers, such as Lauren in the Microsoft commercial, realize that they only have to spend on what they need. Who cares about the cool factor when they have to spend their money wisely? In early March, Microsoft CEO Steve Ballmer announced the company’s plans to deliver the “netbooks” of servers that sport features that meet minimal storage and network management needs of businesses.

By ExecutiveBrief

http://www.executivebrief.com�

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The X, Y, and Z’s of Product Development

A certain thing happens in product development…  (It used to bug me to death, until I got used to it.)  Your product development team just finishes a great new feature.  Everybody rejoices.  Good feelings, pride, and celebrations.  All that…  The new release is posted on the web, and you start to get downloaders.  Potential customers are giving it a look.  And you know they are seeing the great new feature you just added.  It has “X” and “Y” new things.  Everyone will love it.  Everyone will buy.  You’re sure of that!  Finally… we’ve gotten a great product out there…

The next thing you know, you get an email from an evaluator.  He can’t believe how short-sighted your product is.  In fact, he’s practically indignant.  It’s missing a key feature he needs, and he can’t belive you’d ever consider shipping a product without it.

He asks, “Can you do it?  When will it be available?

“Maybe, next month.  Can you describe it more fully?”

“Oh, I can’t wait that long…  Forget it.”

The situation is that you’ve completed “X” and “Y” but haven’t gotten to “Z” yet.  And that’s what spoiler-boy wants.  Problem is, you never considered “Z” until you completed “X” and “Y.”  Or worse yet, didn’t consider it until he pointed it out.

This is so common.  People cannot see to very down the product road-map.  That’s human nature.  They can see “X” and “Y” but only have fuzzy glimpses of “Z.”  That is, until some grumpy customer complains that it’s not in the product.  He doesn’t see the hard work you put into getting the first releases out.  I.e. getting “X” and “Y” out.  He just sees that “Z” is missing, and feels pretty certain that he can’t do without it.  He’ll move on…  Somebody out there must have it.  “I’ll look around…” he says.

Better get cracking.  Again…

 

–ray

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Let the Client Be Your Project Leader

Customer-driven project management uses the voice of the client as a guide at every turn of the project’s life cycle to achieve optimum quality.

Project teams that put the interest of their clients are assured of repeat businesses and long-term relationships. They know that at the end of the day, their processes and methodologies are established to meet clients’ expectations. And meeting clients’ expectations hopefully means satisfaction.

It has always been the goal of project teams to complete projects on time within cost and fulfill quality criteria, but it has often been the case that when projects are implemented, project teams focus on their tasks more and lose sight of their relationships with clients. Now, thanks to the current dynamics of an increasingly demanding business environment, the management concept of too much organizational and process control that on many occasions resulted in alienating customers is slowly giving way to a marriage of disciplined process implementation and customer satisfaction. And by satisfaction, it means giving more than what is required.

Customer-driven project management uses the voice of the client as a guide at every turn of the project’s implementation process to achieve optimum quality. According to Bruce T. Barkley and James H. Saylor in their book Customer-Driven Project Management (2001), this management approach involves the following items, which we expand to meet the more complex needs of today’s client-supplier relationships:

  • Cooperation between client and vendor through a structured process. There has to be a mutual understanding of every step of the process and what is required from either party. Such expectations are written down as requirements, roles and responsibilities, decision points, milestones, and metrics.
  • The customer drives the project through customer-driven teams. The customer’s satisfaction is the end-goal of all efforts, and this satisfaction is defined by continuous quality improvement of products and services.
  • A link among the customer, process owners, and suppliers. The link refers to the integration of all efforts and internal processes used to arrive at task completion and their integration. Furthermore, this link also means unlimited access to clients, sponsors, and their project counterparts through open communication to set expectations and facilitate feedback.
  • A customer-led team that is fully capable to accomplish and improve every aspect of the project. The client is involved in building and managing the project team. But while the client has a high level of involvement in managing the team, members are encouraged to identify key areas of improvement, and communicate this knowledge. Unless empowered to do so through open communication, access to the right tools and technologies and trainings, project team members will only focus on accomplishing their tasks without so much regard for improvements in products and services, and this does not spell a healthy competitive spirit in the grander scale of things. In other words, make consultants out of project teams because in the long run, their accountability for the project will result in competitive products.  Encourage creativity and innovation.
  • A disciplined project management methodology. Clients and providers should agree on a project management system and implement this agreement at every stage of the product lifecycle. Because of the nature of this approach, the project starts and ends with quality, which means that quality issues are identified at the start of the project and addressed throughout its course. How quality issues are addressed also largely depends on a well-designed systems and implementation plans.

    • Customer-driven project management does not veer far from many project management approaches. However, client leadership and continuous improvement through the team’s feelings of ownership of the project spell the difference between just finishing tasks and pleasing the customer. 

    By ExecutiveBrief
    Technology Management Resource for Business Leaders
    http://www.executivebrief.com

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    The Key Success Factors in IT Business Alignment

    As business needs help set IT’s priorities, how IT departments align their solutions with business objectives hinge on a number of success factors.

    The most pressing issue among CIOs, according to a 2008 survey by Society for Information Management (SIM) is the alignment—or misalignment—of IT with business. As IT departments need to consolidate their resources, there is a growing concern among CIOs that doing so may not be so easy. One cause of this issue is that tech workforces are seen as merely solutions provider instead of as strategic resources to achieve business success. Meeting business expectations effectively should be the goal of IT, but more importantly, of business

    There are several approaches that can be taken to align IT with business. Some approaches focus on the roles of individual IT contributors, while others focus on the needs of the business side and their position in the market. It is up to CIOs to identify key business needs and turn these needs into objectives that their IT organizations must achieve. CIOs also have the responsibility to build organizations that can deliver the right support to various project portfolios.

    IT departments are there not just to provide computing solutions. Businesses will get more value from IT by considering their operational and strategic business needs. As business requirements help set IT’s priorities in terms of identifying resources, form insourcing and outsourcing strategies, and set up infrastructures, how IT departments implement their chosen approaches hinge on the following success factors:

    • Open communication lines. IT departments and their business counterparts should set up a communication system that actively involves all stakeholders. This allows IT to get a feedback from the business side to formulate the best solutions possible; on the other hand, an open communication line with their technical counterparts familiarize business decision-makers to identify and take advantage of the available technical knowledgebase for better organizational and market performance.
    • Business requirements analysis. IT’s exposure to business allows them to identify business needs that should be the key drivers behind most aspects of their operations. CIOs are best positioned to frame projects, infrastructures, and systems according to the needs of their primary clients. The success of IT as a business strategy is judged on how it helped in meeting business objectives.
    • Expectation management. Both sides should be realistic about their expectations of each other. This can be achieved through the two mentioned success factors: communication and requirements. Business managers should know the limitations of IT, and that solutions do not come in cheap, such that in-house resources for application development and maintenance may require engaging third-parties to fulfill business needs. On the other hand, IT should be aware of the technical—and sometimes, financial—limitations of business operations. For example, introducing new systems to the IT enterprise landscape means training batches of end-users which then result in additional work to include end-user documentation and training designs.
    • Organizational protocols and sponsorship. Internal protocols do affect the success of IT-business alignment. Sadly, protocols do not necessarily mean processes; protocols in most traditional institutions mean “just how things are done.” To navigate through layers of bureaucracy where it exists is to identify key personnel and project sponsors who understand and can articulate the justifications for IT projects as business strategies. Where all decision-makers must stamp their signatures in all IT ventures, CIOs should find the right people to champion their causes through coherent analyses of business needs and presentations of business solutions and the hoped-for success criteria.

    At the end of the day, most of the work rest on the shoulders of CIOs, being the key figures that understand the business side of things and have the ability to translate business needs into technology solutions.

    By ExecutiveBrief
    Technology Management Resource for Business Leaders
    www.executivebrief.com

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    Building a Project’s Business Case

    Forward-looking project managers realize that to avoid failure, they should build the business case for their projects by getting intimately knowledgeable about the reasons why sponsors approved their projects.

    Too many projects get the axe because of the lack of business cases that justify their existence. When project sponsors begin to see projects only in terms of costs instead of potential rewards, there are higher chances that the projects would be canceled.

    It is not the job of the project manager to build the business case. Ideally, project stakeholders and sponsors evaluate the business value and possible ROI from a project. If the project is seen in terms of generating income or reducing cost, the project will have the green light. This is the situation in the ideal world, but this scenario happens a lot less than one would like to believe.

    Forward-looking project managers realize that to avoid failure, they should build the business case for their projects by getting intimately knowledgeable about the reasons why sponsors approved their projects. A project manager should work closely with clients, sponsors and other stakeholders, and ask the following questions:

    What problems should the project address?

    By interviewing project sponsors, the project manager can determine their goals and discuss the issues that the project would solve. In addition to project sponsors, the ones who are dealing with the issues at the workplace, perhaps on a daily basis, are a good source of ideas about the extent and many facets of the problem. Looking at day-to-day challenges from end-users’ point of view enables the project manager to get a better handle of the requirements of the project in terms of design and technical upgrades, as well as in terms of how it will solve end-user problems.

    What are the strategic goals of the project?

    Is it an easier system? Increased productivity? Better networking? Conversion to a marketable product? No matter what it the goals are, they must also come from and supported by the end-users.  At the end of the day, it will all boil down to the business value of the project. And by business value, it means cost reduction, better productivity, and the possibility of selling the product or service to the wider public.  Make sure that the goals are clear and the project’s objectives must reflect these goals.

    What are the project’s basic requirements and what can end-users live without?

    Aside from building the requirements based on the needs of its users, the project manager should also build the projects’ technical and design requirements and ask what bells and whistles it should have. The project may have a lot of feature that do not have business justifications, resulting in features that took too long to build.  Separating needs from fluff allows the project manager to formulate requirements, identify scope, and allocate resources that are important in creating a working version of the project. The quicker the iteration, the better the chances are of project survival.

    What is the project’s ROI?

    Even at the early stage of the project, it is possible to envision ballpark ROI figures. Because all projects incur costs, a project manager should have a fair idea of when investments will be recovered and generate positive cash flow.

    By ExecutiveBrief
    Technology Management Resource for Business Leaders
    www.executivebrief.com

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    What Agile Methods Mean to Your Process, People, and Products

    Studies show that most successful projects were those that followed agile principles, proving that model-driven methods are not always the best when it came to managing changes, fast-paced project implementation, or even meeting market demands.

    The concept of agile development is not new. However, many technologists still stick to the age-old notion that software development can be easily designed and the outputs predicted without giving much thought to the more dynamic factors of projects, such as communication lines, people, and change.

    Project managers eventually realized that a lot of projects failed because of rigid requirements, faulty design, and the inability of project teams to adapt to change. For the most part, clients or end-users’ requirements changed through the course of development lifecycles, that by the time applications were ready for deployment, the end products were a good degree different from what was initially planned. This would have been alright, except that towards the end of the development lifecycle, time and financial resources have overshot initial estimates by a good measure.

    Instead of pointing their fingers at development teams or clients, project managers learned to allow adjustments in their methodologies. In fact, many studies have shown that the most successful projects were those that followed agile principles, proving that model-driven methods are not always the best when it came to managing changes, fast-paced project implementation, or even meeting market demands.

    But before adopting agile practices, project sponsors and managers should ask how agile methods could impact their products, internal operations, and people.

    Impact on people and their roles

    A key agile principle, “individuals and interactions over processes and tools,” emphasizes communication and collaboration of project team members. Instead of defining the roles of team members, more importance is given to how well they can perform tasks as a team and create a working version of software. Teamwork cannot be overstated in agile processes, as each member can play the part of the end-user, leader, and engineer. To be truly successful, project managers should allow team members to wear cross-functional hats, communicate freely, and focus on team goals instead of individual—or role-based—functions.

    While it has been initially believed that agile method worked best with co-located teams, experiences of outsourcing service providers proved that this also worked—and perhaps better—with the offshore outsourcing development models. In the first place, collaboration and free-flowing communication is the norm, and not the physical set-up of the workplace.

    Impact on process

    Processes take secondary priority in agile methods. Instead of going through particular stages of the development lifecycle, rapid and short iterations move the project forward, allowing for flexibility in changing the course of the project. Moreover, instead of drowning in documentation as dictated by requirements and design, most documentation is in the form of information exchange among project members. Design and actual product are often inconsistent until the deployment stage.

    Impact on product and quality

    Instead of delivering software that has all the knots and bolts in place according to its original design, the highest priority is satisfying the need of the customer with a simple but working version. The adage, “in perpetual beta” also applies to agile method; software improves with every iteration until all the “nice to have” features are in place. Simplicity allows for more flexibility in change requests, especially because end-users and sponsors or clients eventually discover new requirements along the way.

    By ExecutiveBrief
    Technology Management Resource for Business Leaders
    www.executivebrief.com

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    Recession-Proof Your Business by Recession-Proofing IT

    Whatever the economic realities may be, technology is an integral part of majority of business operations the world over. How do you maintain your tech-reliant operations in the midst of a challenging business climate?

    Most global businesses depend on technology and business partners to run their operations smoothly while improving margins. In all economic climates, businesses that engage the specialization of the best technology and service providers are also best positioned to establish their brands and build customer loyalty. In the first place, what they can save on support operations and product development can be re-invested in improving market reach and further innovation.

    So how can business leaders maintain their tech-reliant operations going and remain profitable? By recession-proofing their IT operations. Here are some of the steps:

    1. Adopt business intelligence smarts. Any enterprise that has a significant IT workforce or is engaged in technology services knows the importance that data consolidation—or metrics—plays in the success of a product, a service, or of the enterprise. These numbers are the most reliable way to look for trends, medians or any deviations from the norm, and upon which big decisions are made. Consolidate your data.  Get a business intelligence system that allows for easier data collection and consolidation, and reports management.

    2. Consolidate technologies. Technologies should help the enterprise conduct its business, not get in the way of productivity, and more so, of profitability. Due to the sheer size of their operations, many large enterprises employ multiple applications and systems to conduct almost the same services.  Are you using multiple content management systems when one will be enough to handle firm-wide communications? Do you record your project hours separately from your timekeeping application? Is your ERP system composed of too many modules run by too many vendors? Maybe it’s time to let go of some of your clunky systems that take too much time and effort to maintain, update, and consolidate. Opt for the best solutions that can serve the enterprise’s most important and only necessary computing and communication needs.

    3. Go virtual. SaaS, cloud computing, and virtualization are some of the most popular buzzwords this year, thanks to businesses finding new ways to trim IT budgets without necessarily trimming operations and lowering the quality of their services. Barring security breaches, software-as-a-service is the option for small and medium size enterprises because of its speed of implementation and flexibility for small- to medium-scale operations. Cloud computing, on the other hand, is a by-product of Web 2.0 practices and excess computing and storage capacity. Lastly, thanks to the global scope of many enterprises, virtualization is not just a buzzword but an operational reality among many project teams, service providers, and even top-level executives.

    4. Standardize processes; adopt agile methodologies. Time, money, and your clients’ patience are finite resources.  Work with a service provider that can help you at every stage of product development–from requirements gathering, to product or technical design, to development, to implementation, and to product release. Choose a service provider that specializes on agile development that allows for incorporation of improvements at every release of the product whether it is meant for the outside market or the organization’s internal operations.

    5. Outsource, and outsource intelligently. Don’t just engage a service provider, whether offshore or nearshore, based on cost-savings alone. Look for long-term benefits from a combination of cost-savings, technology savvy, methodologies, consulting skills, and management culture of the vendor.

    By ExecutiveBrief
    More at: www.executivebrief.com

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    Project Managers: People Don’t Like To Be Led

    Project management advice: People don’t like to be led, especially professionals with clear responsibilities.  Nobody likes “a person who knows” to tell them what to do next.  All the time.  It’s demeaning and annoying.  So what’s a project manager to do?

    Clearly, project managers and leads need to stay a few steps ahead of team members.  If they don’t, projects go astray.  Why?  Because it takes time to formulate a clear vision, one that won’t break down in the face of life’s challenges.  Only by staying ahead of the team can the leadership maintain that strategic edge.  But it’s when that strategic direction turns into tactical dictatorship that things go badly.

    Some managers have such a hard time articulating their vision that they resort to dictating exact tactical steps to achieve it, rather than relying on competent people to pull it off.  See the issue?  It’s a difficult balance.

     

    –ray