501A Assessment 1(50 words each = 200 words)IN CLASS ACTIVITIESIn implementing knowledge management system, one must follow the policies andprocedures for efficiency, effectiveness and compliance purposes. These policiesand procedures which need to be followed are in the context of providing theinformation as desired which is reliable, accurate and consistent. The informationand the related data must be available and the performance of the system must beacceptable. In short, the performance of the system must be effective and efficientand must comply with the objectives for which the information or the knowledgemanagement system is implemented/During the implementation of the knowledge management system, some goals, aimsand objects are set; in effect these are the objects and goals for which theknowledge management system is implemented. For example, the goal of thesystem could be to provide the required knowledge in acceptable time frame. So the