Knowledge managementl Essay Example | Topics and Well Written Essays - 3000 words - 1

Knowledge managementl - Essay Example In this milieu an increasing number of companies are getting to recognize the fact that they cannot excel in everything connected to their business and delivery of products and services they are known in the market for and construction industry is one such industry where dependence relationships develop in networks with specialization clearly demarcating inputs into any project. Construction Industry has begun to realize that it makes sense to find sub-contractors for parts of their work and leverage on their work to roll out a finally bundled up product. Outsourcing of manufacturing can help companies concentrate of areas of competence whilst a the same time ensuring that the other related tasks are being attended to with necessary know how and skills. A lot of innovative skills are required in order to achieve successful networks of competence that deliver a high cost and long duration construction project. The innovation is almost needed at each point a problem is encountered in a complex construction project. Knowledge and its appropriate management contributes to the cause of innovation on the simple logic that a better knowledge brings forth better solutions. This paper examines these both aspects in UK construction industry milieu at some length. We would also discuss the factors which contributed to this movement and the consequential adaptations required by the construction industry to accommodate the design, contractual, administrative, control and co-ordination aspects of various levels of involvement on construction projects. "In most cases, the Department of Finance and Administration’s Bureau of Building serves as the construction program manager for state construction projects in Mississippi. The Bureau of Building represents the interests of the entity and exercises independent oversight of the professional contractor and constructor team (i.e., general contractor and sub-contractors). The Bureau of Building, professional team,