There are many reasons to carry out a formal audit of the knowledge Resources.
To get to grips with constitutes 'knowledge' in relation to a project or an organisation
To understand and track what knowledge resources are shared, how they are maintained and updated
To support the improvement of knowledge sharing and management in the project team
Additional Benefits of a knowledge audit include:
(adapted from NHS sources)
helping the organisations and public funding bodies clearly identify and to some extent evaluate (quantify, measure) what knowledge is generated
in relation to each activity
giving tangible evidence of the extent to which knowledge is being effectively managed and indicates where improvements are needed.
providing an evidence-based account of the knowledge that is created with the funding
presenting a map of what knowledge exists in relation to a project, and where it exists, revealing both gaps and duplication.
presenting an inventory of knowledge assets, allowing them to become more visible and therefore more measurable and accountable, and giving a clearer understanding of the contribution of knowledge to organisational performance..
References:
http://www.library.nhs.uk/knowledgemanagement/ViewResource.aspx?resID=93807