Knowledge management in software engineering

Software organizations' main assets are not plants, buildings, or expensive machines. A software organization's main asset is its intellectual capital, as it is in sectors such asconsulting, law, investment banking, and advertising. The major problem with intellectual capital is that it has legs and walks home every day. At the same rate experience walks out the door, inexperience walks in the door. Whether or not many software organizations admit it, they face the challenge ofsustaining the level of competence needed to win contracts and fulfill undertakings.