Identify knowledge management risks and manage them.

Consider the processes you can implement that will expose your organisation to risks. Knowledge management processes have many sub-elements, each with its own level of risk. The key elements will involve identification, creation, capture, storage, sharing, revising, and distribution. 

These elements need to include the development of technology tools for workgroups and communities of practice. In addition, effective knowledge management must accommodate the revision of older accumulated knowledge and objects that must be archived or destroyed.

Knowledge management activities are now increasingly focused on techniques. Innovative activities such as visioning exercises, process improvement, and research and development activities assist in creating new knowledge. Many organisations have developed approaches to identify and assess the significant risks that could affect their functioning. Practical strategies should consider the organisational risks that could affect their knowledge assets.

Risks occur when knowledge critical to an organisation’s performance is lost. A technological malfunction or a disaster striking records holdings might cause this loss. It might also include the departure of long-term employees with extensive corporate memory hacking and other criminal activity. Significant knowledge risks are arising in many organisations due to staff nearing retirement.

Quotable Quotes.

“Link your practical information and knowledge to your purpose, vision, mission and objectives with a Knowledge Base and increase its value exponentially”. Peter Sergeant

 “A good knowledge system is like Santa Claus, delivering daily goodies”. Peter Sergeant