Integration Models of Project Management with Knowledge Management

Abstract

The purpose of this chapter is to investigate how knowledge management (KM) aspects can be combined with project management (PM) discipline to improve project success rates and thus the quality of the final product. Several knowledge management and project management integration models are examined, and main findings show that the key factor of success lies in knowledge sharing and continuous learning activities throughout whole project development process. But to establish good knowledge sharing culture, project based organizations need to have barrier free environment, in context of transfer of lessons learned, social communicatoin, and project managers who hoard their knowledge. In addition, the chapter also discovers how other concepts like intellectual capital (IC), can nicely fiit the fusion of project management and knowledge management.