Knowledge managment MBA Level Assignment Example | Topics and Well Written Essays - 2750 words

Knowledge managment MBA Level - Assignment Example It is because of these problems that knowledge management (which entails generation and Embedment of knowledge into the operations of these construction organisations) has been enhanced. Regardless of the fact that generation and Embedment of knowledge in these organizations is of great importance, their implementation is also faced with challenges such as mistrust, and poor management of knowledge among others. Introduction Construction projects have become very dynamic and complicated in the recent times such that managers of these projects face great challenges in managing the current projects (Bektas, Heintz, & Wamelink 2007). Normally, construction companies as well as their employees perform activities as well as tasks associated with project management based on the past experience instead of following or using approaches prescribed in textbooks (Sydow, Lindkvist, & DeFillippi 2004). They also prefer these carrying out project management activities based on their past work expe riences to utilizing analytical approach. Also, costs associated with retaining, recruiting and attracting employees who are talented and experienced is normally high. This fact is further complicated by fact that in the recent times construction companies have been losing some of their most talented, skilled, experienced and knowledgeable employees to other industries as well as to other competing construction companies (Bektas, Heintz, & Wamelink 2007). One of the ways of ensuring that the skills, knowledge and experience related to managing these projects are retained is by knowledge management. Knowledge is normally considered is one of the most essential factors in project management as well as managements associated with decision making processes (Anumba , Egbu & Carillo 2005). Knowledge also ensures that construction companies have competitive advantage while carrying out construction projects. Therefore, knowledge management would ensure that knowledge and experience related to managing these projects are distributed and utilized accordingly (Sydow, Lindkvist, & DeFillippi 2004). Regardless of the fact that generation and embedment of knowledge in these organizations is of great importance, their implementation is also faced with challenges and threats. This research paper, therefore, aims at identifying challenges and opportunities that confront project-based organisations. The research paper will also identify some of the challenges that face generation and embedment knowledge into the operations of these organizations in the construction industry. Challenges facing project-based organizations Before discussing the challenges that face project based organizations it is important that the meaning of expression â€Å"project-based organization† is understood. According to Sydow, Lindkvist, & DeFillippi (2004), project-based organizations are those organizations that involve themselves with temporary projects or temporary project tasks such as co nstruction activities. These organizations are the common phenomenon in construction industry, and are normally faced with a number of challenges. The challenges or dilemmas that normally face project-based organizations are discussed in the preceding paragraphs. One major challenges that faces project-based organization is dilemmas associated with their practices and the need theory. According to Syd