This document discusses the evolution of knowledge management (KM) at Accenture, a global consulting firm. It describes how Accenture adopted a KM strategy in the 1990s and built knowledge repositories. Responsibility for KM shifted over time and budgets were cut in 2002, resulting in staff reductions. Accenture transitioned its KM system from Lotus Notes to Microsoft SharePoint and established governance around a new system called the Knowledge Exchange. It also renewed its focus on training as a key investment and developed goals to enhance KM's contributions to the company.