PPMP20012: PM Application Systems Leading to Effective Knowledge

This report examines the relevance of project management (PM) application systems in facilitating effective knowledge management and decision-making within organizations. It highlights that knowledge management, a multidisciplinary approach to achieving organizational goals, comprises process, people, strategy, and IT/content. Project management applications aid in planning, initiating, monitoring, and closing projects, while knowledge management gathers organizational information to inform project progression. The integration of PM application tools enhances the sharing, creation, and utilization of knowledge, leading to competitive advantages. The report emphasizes that the 'programmatic methodology,' combining tools, techniques, and processes, is crucial for project managers. Ultimately, the timely delivery of accurate information through PM application systems improves decision-making, increases system efficiency, and contributes to successful project outcomes, including on-time and within-budget project delivery. References to Ali (2020) and Kasemsap (2018) support the analysis.