Having access to a searchable and actively maintained knowledge repository provides businesses with a valuable tool when exploring possible initiatives. The ability to rapidly define both the scope of an initiative and its range assists in the tasks of prioritisation, planning and execution.
An initiative’s scope is defined by what needs to be undertaken so that it may be brought to fruition. Its range can be defined by describing what else in the business is impacted or influenced.
By having an appreciation of both the scope and the range an initiative can readily be turned into a manageable project. With changes in scope resulting from adding, deleting or changing requirements the impact on the project’s range can be better determined.
With active knowledge of the scope and range, the efficacy and cost of delivery of a project can be more tightly contained and the impact on the business can be managed.
Reliable, accessible knowledge within the business will bring significant benefits.