Using the Hazus Program as an example, Bill Kaplan discusses how a KM framework has long-term benefits. The program, started in 1992, provides a nationally applicable standardized methodology that estimates potential losses from earthquakes, hurricane winds, and floods. Until 2009, there was no ramework for capturing the critical historical knowledge, its reuse, and the knowledge necessary to evolve new models for new hazards as well as improving the performance of the current model. He shares successes derived from the program’s investment in KM.