With the advent of the Internet, we have access to an overwhelming amount of information on a daily basis - and the volume of information available is growing at a rapid pace. It is easy to get lost in the data or experience that we call "information overload." One of the biggest challenges for individuals and organizations is how to best manage and utilize knowledge and information, particularly with limited resources. How can we make the greatest use of this knowledge and information to operate more efficiently, improve decision-making, and sustain a competitive advantage.

There is a growing, interdisciplinary field known as knowledge management that is dedicated to how we acquire, organize, manage, share, and utilize knowledge and information. This white paper will discuss:

• What knowledge management is
• Why it is important, particularly in a knowledge-based economy
• How you can apply knowledge management to project management
• How Communities of Practice can support the implementation of knowledge management in your organization