Issue link: https://epubs.iltanet.org/i/74024
Wisdom and Choreography: How KM and LPM Help Create the Legal Dance The following chart illustrates some of the comparisons between LPM and KM: Knowledge Management Professional Proficiency Required Efficiency Promoted Methodology Focus Capital Maximized Benefit Realized Human Capital Impact Price and Deadlines Requires Professional Expertise Promotes More Efficient Performance of Tasks Focuses on the Practice of Law Maximizes the Use of Intellectual Property Resources Subject-Matter Improvement Better-Informed Resources Unpredictable Legal Project Management Indifferent to Professional Expertise Promotes More Efficient Assignment and Reassignment of Tasks Focuses on the Processes of Legal Practice Maximizes the Use of Human Resources Process Improvement Better-Utilized Resources Manages Predictably Choose Your Approach: Waterfall or Agile? Knowledge management often takes a "waterfall" approach to locating, accessing and compiling the firm's archival intellectual property. Software development and organizational change that take a waterfall approach are thorough, sequential and characterized by the commitment that a change or development process should move to the next phase only when its preceding phase is completed and perfected. This approach can be illustrated with the following diagram: Requirements Design Implementation Verification Maintenance ILTA White Paper 49