Project Management Centres of Excellence example - a knowledge management perspective

Knowledge is widely regarded as one of an organisation?s key assets. Heightened attention is now being focussed on creating an environment that effective maximises knowledge transfer. To this end, the centre of excellence and its role within a corporate project office provides a useful example of how this facility contributes to knowledge management for project managers. We explain in this paper how centres of excellence can be viewed as a particular class of knowledge networks that has great potential for making wise decisions. Its usefulness is that it helps to focus those involved in project management on developing project management knowledge assets. We hypothesise that this will contribute to the improvement of project management practices and provide both tangible and intangible outcomes for clients and project management practitioners.