Knowledge Management explained in this answer

1. Define Knowledge Management.

2. What types of knowledge do companies and employees consider valuable?

3. What methods are companies using to inventory and disseminate KM?

4. What are the key challenges to effective KM?

5. What are popular software packages used for KM?

6. Briefly describe the status of KM in your organization (or at a previous job if currently unemployed). What was the key opportunity or challenges that drove management to pursue a KM initiative? What measurements, if any, are being used to measure success? Does this project have an impact on your ability to perform your job efficiently or effectively? I work for the government and I don't really know how to reply to #6. What sort of organization can this apply to and answer the rest of the questions listed?