Process Capital as Knowledge Capital
Dizzying changes in how companies are doing business and developing software are driving them to become learning, adaptive organizations. The notion of repeatability, while often misconstrued to mean "doing the same thing over and over again," really implies using previous experience in similar situations to make the best decisions for each project. Capturing the knowledge embedded in this experience is a huge challenge. Using the process as the knowledge repository or "memory" for the adaptive organization lays the groundwork for managing its content and for changing how organizations view process in general. Proactive capture, management, and integration of the knowledge within the process provides the organization with a set of tools it can use to react in "Internet time."
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