Implementing a knowledge handling process based on the KHO Standard has a cost, but avoiding managing the knowledge properly has even a higher cost.
The KHO Standard helps companies to overcome the following issues:
- Difficulties finding information due to lack of rational organization or poor tools.
- High cost of knowledge transfer.
- Few possibilities to transfer knowledge (mainly synchronous).
- High cost of onboarding.
- High cost of rebuild knowledge in case of important resources are gone.
- Reiterate mistakes because they are shared when they happened.
- Reduced possibilities to share ideas, perspectives, and solutions.
- Demotivation due to the impossibility to share valuable but "not required knowledge" specific for the own position.
- Limited relations among teams.
- Unidirectional knowledge transfer (from experts to readers), ignoring the potential knowledge owned by people normally not allowed to transfer their knowledge to others (i.e. ERP users, business experts).
- Long time to market.
- Long time to react to issues and process information.
- Lack of transparency.
There are only a few of the many issues company could experience if they do not handle their knowledge properly, using a well-designed process.