All entries for Sunday 16 June 2013

June 16, 2013

The concept of KBAM

Thinking of the title "Knowledge based Asset Management" shows that this is what it takes to be successful. Organizations has assets and utilize these assets according to the existing knowledge. This knowledge determines how competent an organization is. The role of people is first to improve and extend their knowledge to be able to manage their assets in a manner that can drive them towards excellence.

It is a very important aspect as Deming described "Experience without knowledge is useless". being proactive in capturing the desired knowledge will help companies in understanding their journey and what do they need to do to achieve the organizational goals.

When going back it would be useful to link our maintenance system with explicite knowledge that lies within the company, from their, we can understand what knowledge is out that should be acquired and what knowledge needs to be developed. This can be achieved by continuously self assessing our knowledge and measuring the department performance. This will create a loop for feedback on what we are good at to use it as our USP and what we need to increase our competitiveness.

The role of knowledge management

Knowledge is what organizations utilize to create a product or a service. Frey (2001) describes KM cycle in 5 steps; creating knowledge, capturing and storing knowledge, organizing knowledge, deploying knowledge and using knowledge. These are exercised in a cyclic pattern when processes are repeated. A useful method to increase existing knowledge is reflecting on our experience.

Practising reflective writing as a part of the job is very important as it not just help in increasing the existing knowledge of individuals and organizations but it also make people conscious of what they don't know and need to know. Coupling reflective writing with knowledge management can be utilized as a tool for continuously improving the organizational knowledge. This practise will help companies stay proactive and developing to cope with such a dynamic market.

I passed through on-job-training of 3 years, if i had used reflective writing through training i would have been able to capture more learning and increase my knowledge. When i go back i intend to keep i live journal of my daily learning and self assess to understand what do i need to know to stay a competent engineer.

June 2013

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