Aligning and Valuing Data-Based Wisdom Projects

2015 ◽  
pp. 141-155
Author(s):  
Brandon Olson
Keyword(s):  
Knowledge Management ◽  
Portfolio Management ◽  
Success Factors ◽  
Knowledge Management System ◽  
Project Portfolio Management ◽  
Organizational Challenges ◽  
The Common ◽  
High Degree ◽  
Organizational Value ◽  
Technical People

Data-based wisdom projects in the form of Knowledge Management System (KMS) initiatives exhibit a high degree of failure. These failures are caused by technical, people, and organizational challenges. Although the literature provides some degree of guidance for improving the success of KMS initiatives, an overall approach to ensure the KMS meets the needs of the organization does not exist. In this chapter, the common challenges to KMS implementations are discussed and the factors leading to more successful KMS implementation evaluated. Using the findings from the challenges and success factors, a conceptual framework is presented as an approach to increase the success of KMS initiatives. The proposed framework uses strategic alignment and organizational value as drivers in the KMS efforts. The framework applies a multi-dimensional strategy and the Project Portfolio Management (PPM) approach to govern KMS initiatives in an effort to maximize the value offered by the KMS and to ensure the KMS supports the organization's strategies.

Aligning and Valuing Data-Based Wisdom Projects

2016 ◽  
pp. 199-213
Author(s):  
Brandon Olson
Keyword(s):  
Knowledge Management ◽  
Portfolio Management ◽  
Success Factors ◽  
Knowledge Management System ◽  
Project Portfolio Management ◽  
Organizational Challenges ◽  
The Common ◽  
High Degree ◽  
Organizational Value ◽  
Technical People

Data-based wisdom projects in the form of Knowledge Management System (KMS) initiatives exhibit a high degree of failure. These failures are caused by technical, people, and organizational challenges. Although the literature provides some degree of guidance for improving the success of KMS initiatives, an overall approach to ensure the KMS meets the needs of the organization does not exist. In this chapter, the common challenges to KMS implementations are discussed and the factors leading to more successful KMS implementation evaluated. Using the findings from the challenges and success factors, a conceptual framework is presented as an approach to increase the success of KMS initiatives. The proposed framework uses strategic alignment and organizational value as drivers in the KMS efforts. The framework applies a multi-dimensional strategy and the Project Portfolio Management (PPM) approach to govern KMS initiatives in an effort to maximize the value offered by the KMS and to ensure the KMS supports the organization's strategies.

scholarly journals Implementasi Knowledge Management System Pada Bank Tabungan Negara di Provinsi Sumatera Selatan

2019 ◽  
Vol 10 (2) ◽  
Author(s):  
Fery Antony
Keyword(s):  
Knowledge Management ◽  
Management System ◽  
Success Factors ◽  
Business Processes ◽  
Reference Model ◽  
Core Competencies ◽  
Organizational Factors ◽  
Knowledge Management System ◽  
Savings Bank ◽  
Banking Institutions

<p align="center"><strong>ABSTRACT</strong></p><p><em>This study discusses the Implementation of Knowledge Management System (KMS) at the National Savings Bank (BTN) in South Sumatra, as a government bank. Given the role of banks in the economy and the extraordinary level of competition. This research is expected to be a reference in implementing KMS in banking.</em><em> </em><em>Banks need KMS to run business processes in the application of expertise in organizations, because KMS is able to improve the bank's core competencies. KMS acts as a liaison in the knowledge provider to broaden and deepen knowledge, contribute to overcoming competition between banks in raising funds to create forms of innovative product services provided to the public.</em><em> </em><em>This research is to identify the implementation of KMS in the organization, so it can be seen the success factors of KMS in banking institutions. Data collected by questionnaire, then made a research model. The survey results revealed that the KMS model suitable for use as a reference model for KMS implementation in BTN South Sumatra was influenced by factors, namely KM; organizational factors measurement objectives / specific strategies and leadership support, information technology and service innovation to consumers.</em></p><p><strong><em>Keywords</em></strong><strong><em> </em></strong><strong><em>:</em></strong><strong><em> </em></strong><em>Implementation KMS, KMS on Banking, KMS Success Factors</em></p><p align="center"><strong>ABSTRAK</strong></p><p><em>Penelitian ini membahas Implementasi Knowledge Management System (KMS) di Bank Tabungan Negara (BTN) di Sumatera Selatan, sebagai Bank pemerintah. Mengingat peran bank dalam perekonomian dan tingkat persaingan yang luar biasa. Penelitian ini diharapkan dapat menjadi referensi dalam mengimplementasikan KMS di perbankan.</em><em> </em><em>Bank membutuhkan KMS untuk menjalankan proses bisnis dalam penerapan keahlian dalam organisasi, karena KMS mampu meningkatkan kompetensi inti bank. KMS bertindak sebagai penghubung dalam penyedia pengetahuan untuk memperluas dan memperdalam pengetahuan, berkontribusi untuk mengatasi persaingan antara bank dalam mengumpulkan dana untuk menciptakan bentuk-bentuk layanan produk inovatif yang disediakan untuk publik.</em><em> </em><em>Penelitian ini untuk mengidentifikasi implementasi KMS dalam organisasi, sehingga dapat dilihat faktor keberhasilan KMS di lembaga perbankan. Data yang dikumpulkan dengan kuesioner, kemudian dibuat model penelitian. Hasil survei mengungkapkan model KMS yang cocok untuk digunakan sebagai model referensi implementasi KMS di BTN Sumatera Selatan dipengaruhi oleh faktor-faktor, yaitu KM; faktor organisasi tujuan pengukuran / strategi tertentu dan dukungan kepemimpinan, teknologi informasi dan inovasi layanan kepada konsumen</em><em>.</em></p><strong><em>Kata kunci : </em></strong><em>Implementasi KMS, KMS di Perbankan, Faktor Keberhasilan KMS</em>

scholarly journals Project Selection Frameworks and Methodologies for Reducing Risks in Project Portfolio Management

2017 ◽  
pp. 245-263
Author(s):  
Fabio Nonino
Keyword(s):  
Neural Networks ◽  
Portfolio Management ◽  
Success Factors ◽  
Project Selection ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Critical Success ◽  
Innovative Methodology ◽  
Correct Level

Extracting and consolidating knowledge from past projects can help managers in selecting projects with the correct level of riskiness, while market analysis gives directions for reaching the objective of a balanced project portfolio. To this extent, the chapter discusses strategic importance of project selection and the role of risks and uncertainties in project portfolio management and presents some fundamental and innovative frameworks and project selection methodologies for balancing risks. Finally, the chapter proposes a model containing an innovative methodology, based on artificial neural networks, to help managers in balancing project portfolio and assessing projects during the selection phase on the basis of risks, uncertainties and critical success factors.

Global Electronics, Inc.: ABC Implementation and the Change Management Process

2003 ◽  
Vol 18 (1) ◽  
pp. 49-69 ◽  
Author(s):  
Peter C. Brewer ◽  
Paul E. Juras ◽  
E. Richard Brownlee
Keyword(s):  
Knowledge Management ◽  
Change Management ◽  
Success Factors ◽  
Knowledge Management System ◽  
Management Process ◽  
Stage Model ◽  
Activity Based Costing ◽  
Managerial Accounting ◽  
Formal Presentation

Descriptions of activity-based-costing (ABC) systems have become a standard part of managerial accounting texts. While ABC implementation issues are the focus of a number of articles, these issues are often not addressed in a typical textbook. This case is designed to familiarize you with the behavioral and technical variables that can aid or impede successful ABC implementation. Anderson's (1995) factor-stage model provides a template to organize the discussion of ABC success factors. In this case, you will be cast in the role of a business consultant. You are asked to synthesize the case study's key “change management” insights into a report that could be shared with co-workers in an intranetbased knowledge management system. In addition, you may be expected to prepare a formal presentation of the report for your peers.

Assessing Knowledge Management Success

2011 ◽  
pp. 2850-2865
Author(s):  
Murray E. Jennex ◽  
Lorne Olfman
Keyword(s):  
Knowledge Management ◽  
Management System ◽  
Success Factors ◽  
Theoretical Foundation ◽  
Knowledge Management System ◽  
Model Fits

This article proposes a framework for assessing knowledge management system (KMS) success models. The framework uses three criteria: how well the model fits actual KMS success factors, the degree to which the model has a theoretical foundation, and if the model can be used for both types of KMSs. The framework is then applied to four KMS success models found in the literature and is determined to be a useful framework for assessing KMS success models.

Knowledge Management System Success Factors

2011 ◽  
pp. 436-441 ◽  
Author(s):  
Murray E. Jennex
Keyword(s):  
Knowledge Management ◽  
Management System ◽  
Success Factors ◽  
Knowledge Management System ◽  
Knowledge Use ◽  
System Success

What does it take to build a successful knowledge management system (KMS)? Knowing the essential success factors is useful as it provides researchers and practitioners with the basic requirements for building a successful KMS. Also, if we take a Churchman (1979) view of systems, it can be argued that determining KMS success factors will also help us determine KM initiative success factors as Churchman found it difficult to separate the system from the process requiring the system. However, what is KM or KMS success? The literature does not provide a consensus on this, although two concepts of success can be identified. The first considers KM or KMS a success if knowledge use through the initiative or system improves the organization’s ability to compete. The second considers KM or KMS a success if the KM processes implemented through the KMS (discussed later) are implemented effectively. Both success concepts imply that the KMS has to be used. Therefore, KM and KMS success factors are those factors that encourage or help users to use the KMS to effectively perform KM functions.

Project Portfolio Management Best Practice and Implementation: A South African Perspective

2018 ◽  
Vol 15 (04) ◽  
pp. 1850036
Author(s):  
Chiara Oostuizen ◽  
Sara S. Grobbelaar ◽  
Wouter G. Bam
Keyword(s):  
Conceptual Model ◽  
South African ◽  
Portfolio Management ◽  
Success Factors ◽  
Good Practice ◽  
Project Portfolio ◽  
South African Context ◽  
Project Portfolio Management ◽  
African Context

This paper analyses the link between project portfolio management (PPM) implementation and perceived company success in achieving strategic objectives. As foundation for a conceptual model, the paper explores and investigates three areas of PPM literature: (1) PPM success criteria (2) PPM success factors and (3) problems faced in PPM. Using a conceptual model, the paper empirically investigates the link between the implementation of various PPM practices, the perceived importance of these practices and the perceived success of project portfolios within a South African context. A mixed methodology approach consisting of: (1) surveys and (2) follow-up interviews was followed during the execution of the study. The study targeted 10 different industries and obtained 342 responses in total. The survey data was supported by four semi-structured follow-up interviews that aimed to further investigate some of the salient trends observed in the data. The study enables the deduction of various recommendations for good practice and implementation gaps in the area of PPM in the South African context. This includes recommendations regarding practices that appear to have a strong link with perceived PPM success, yet are viewed as unimportant by many practitioners.

scholarly journals Critical success factors in a project handover and use stages: The case of the gambling industry in Antioquia (Colombia)

2020 ◽  
Author(s):  
Diego Alejandro Quintero-Ríos ◽  
Silvia Teresa Morales-Gualdrón
Keyword(s):  
Knowledge Management ◽  
Project Management ◽  
Empirical Evidence ◽  
Critical Success Factors ◽  
Success Factors ◽  
Knowledge Management System ◽  
Gambling Industry ◽  
Critical Success ◽  
New Knowledge ◽  
Different Types

This research explores the Critical Success Factors (CSF) for the handover and use stages of projects in the case of one of the most important companies in the gambling sector in Antioquia (Colombia). It develops a model with seven categories and an instrument that measures perception regarding success factors. The results show a difference between successful and unsuccessful projects for all the categories that were analyzed. However, the categories Project Efficiency and Benefit Realization are the main critical success factors. It also confirms that success factors differ according to the perspective of each type of stakeholder: sponsors, managers, project team, customers, and end users. This study contributes empirical evidence for critical success factors in project management from four perspectives: 1) at the handover and use stages; 2) from the perspective of different stakeholders; 3) in the gambling industry; and 4) in a developing country, such as Colombia. Finally, it can be concluded that the value that is given to new knowledge and experiences in successful and unsuccessful projects is an opportunity to create a knowledge management system, which allows to generate a favorable culture for the development of different types of projects in the company.

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