Quanitified KM value story #120 - Petroleum Development Oman

Our list of KM Value stories reaches number 120, with this story from Petroleum Development Oman (PDO). See the complete list.

Image from wikimedia commons

The story was presented last week at the UK KM Summit by Hank Malik, who gave an excellent presentation on how standard project-based Knowledge Management has been developed and deployed at PDO.  The elements of KM Hank described included 

• Lesson Learning, 
• Best practices, 
• Knowledge Assets, 
• Content Management, 
• Knowledge Retention and 
• Communities of Practice; 

in fact all the core elements of project-based KM, plus a complete Governance layer and a Processes toolbox.

Hank described a whole set of acheivements from the KM program, including the following quantified benefits delivered to date:

• 5,554 Lessons Learned captured to date across over 50 projects,
• Over $740 M savings,  and $80M realised for in-country value.

Well done to Hank and the KM team at PDO!