Question

Access and write a brief summary, approximately 300 words, of scope and purpose of the Australian Standard for Knowledge Management AS 5037:2005. Resources:

Answer 1

The purpose of the Australian Standard for Knowledge Management AS 5037:2005 is to offer flexible and easy guidelines on knowledge management (KM), to help everyone to broaden their understanding of KM and related concepts, by assisting organizations to ensure their KM practices are as par with the competitive environment and framework for the state of readiness towards KM interventions. Also, helps in achieving the organizational goals and objectives by capability building and helping in greater performance related outcomes and reduction in duplication time to increase the efficiency.

Whereas the scope of the Australian Standard for Knowledge Management AS 5037:2005 lies with the redesigning the innovations and improvement projects by developing various tools and techniques to capture and share lessons learnt and sharing of the information related to initiatives and their relevant outcomes. This is possible through the good linkage of individuals on professional grounds, by enhancing collaboration among stakeholders, having faster but accurate and handy knowledge resources. The Australian Standard for Knowledge Management AS 5037:2005 adopts the cyclic processes with three stages such as – mapping of the current state; building the linkages and operationalizing the initiatives to achieve to the desired future state.