The process of creating value from intellectual capital and sharing that knowledge with employees,managers,suppliers,customers,and others who need that capital is referred to as ________.
A) knowledge management
B) value engineering
C) knowledge engineering
D) earned value management

Question

Quizplus · Accepted Answer

Knowledge management refers to the process of creating, sharing, using, and managing the intellectual capital of an organization. It involves identifying, capturing, evaluating, and sharing knowledge and information with employees, managers, suppliers, customers, and other stakeholders who need that capital to achieve organizational goals. This helps to increase efficiency, innovation, competitiveness, and customer satisfaction, while reducing costs, risks, and redundancies. Value engineering and earned value management are related to project management and cost control, while knowledge engineering is more specific to artificial intelligence and expert systems. Therefore, the best choice in this case is A) knowledge management.

The Process of Creating Value from Intellectual Capital and Sharing