ITIL Fundamentals

Knowledge Management

Stage
3
Process
7

Responsible for capturing, distributing, and effectively using knowledge within an organization.

It is estimated that poor-knowledge sharing practices cost Fortune 500 companies $31.5 billion dollars annually!

The primary purpose of Knowledge Management is to improve efficiency by reducing the need to rediscover knowledge. Through effective knowledge management, organizations can:

  • Decrease training time
  • Reduce errors & redundancy
  • Increase collaboration
  • Improve customer experience

Types of Knowledge to Manage

TypeDescription
ExplicitInformation in tangible form such as books, newspapers, or articles.
TacitInformation that is difficult to capture in a tangible form like someone's perception of an experience or a feeling after a big event.

Examples of Knowledge Management

  • Training Agreements
  • Q&As
  • Content Management System
  • Documentations
  • FAQs
  • Forums
  • Webinars
  • Chatbots
  • etc.

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Transition Planning and Support