Have you ever achieved something really important because you stumbled across a key bit of information just in the nick of time? Have you ever had the feeling that you just KNOW someone has done this before, but you don't know who, or how to find him or her? Wouldn't it be great if you could just ask a question out loud and actually get a useful response? Knowledge Management (KM) is about systematically capturing, transferring and reusing institutional knowledge, and applying it to YOUR business or operational challenge -- tapping into "what we know" and "why we know it" to help you deliver improved acquisition results. Effective KM enables your organization to form communities of practice that promote learning from the past to improve performance. You avoid making the same mistakes over and over, and instead make every decision in the light of the full knowledge base of the organization. Managing knowledge is key "operating faster than the speed of change." Knowledge Management is a key business function, on the same strategic level as financial and safety management

With an approach such as Knowledge-Driven Performance you can build a learning organization that "connects, collects and collaborates" for breakthrough performance. It's a proven, comprehensive knowledge infrastructure based on the concept of "learn-perform-capture-transfer-adapt-and-reuse" that integrates people, process and enabling technology to drive quantum improvement in organizational capacity and achievement.

Many acquisition organizations have found The Virtual Acquisition Office a valuable tool in establishing a knowledge-based approach to operations. This resource serves as a central repository of federal acquisition policy, regulations, rule, guidance tools, and most importantly, experiential knowledge of acquisition professions.