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Re: KM ROI #question #value

Stephen Bounds
 

Hi Murray,

What do you mean by "statistically validated"?

Surely saying something like "Changes to the organization's KM goals is a measure of KM success" is tautological at best?

Cheers,
Stephen.

====================================
Stephen Bounds
Executive, Information Management
Cordelta
E: stephen.bounds@...
M: 0401 829 096
====================================
On 16/10/2020 7:26 am, Murray Jennex via groups.io wrote:

we statistically validated the following set of KM success measures:

Impact on business processes (6 measures):
1.         Improved the efficiency of the supported processes
2.         Reduced costs for the supported business process
3.         Positive return on investment for the supported processes
4.         Improved the effectiveness of the supported processes
5.         Improved decision making in the supported processes
6.         Improved resource allocation in the supported process
Impact on KM Strategy (4 measures):
1.         Changes to the organization’s KM goals
2.         Creation or modification of knowledge related key performance indicators (KPIs)
3.         Changes to the way the organization assessed knowledge use in the organization
4.         Changes in the organization’s incentives for using and sharing knowledge
Leadership/Management Support (4 measures):
1.         Increased verbal/political support for KM by top management
2.         Increased financial support for KM by top management
3.         Increased awareness of KM by top management
4.         Increased use/reliance on KM by top management
Knowledge Content (3 measures)
1.         Increased use or intention to use of knowledge content
2.         Increased identification of needed knowledge content and knowledge content sources
3.         Increased demand and/or searching for knowledge content

thanks....murray jennex, 

-----Original Message-----
From: Sachin Joshi <sachinjoshi.a@...>
To: main@SIKM.groups.io
Sent: Thu, Oct 15, 2020 7:08 am
Subject: [SIKM] KM ROI #question

Hello all, this is my first post on this very insightful forum/group.

I am KM consultant in IT organization. We implement and monitor lot of good KM practices in our teams. We also see good benefits of all these, unfortunately showcasing them as quantitative benefits is always a challenge (I am talking about benefits such as reduction in xxxx, improvement in xxxx and so on... not about quantitative KM dashboard data such as no. of SMEs, no. of posts, no. of assets, no. of sessions, etc.).

The question which is always asked on KM performance is, what is the benefit. Change in culture, improvement in collaborating, creation of assets, etc. is not an answer to this. since this is just an output but not measure of benefit/success. Can someone share, how we can correlate KM with business benefits OR how can we show return on investment in KM. Thank you.

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