The KMDC aims to promote the awareness and advance the practice of Knowledge Management in Hong Kong. The terms of reference of KMDC include:

• To promote an awareness of the need for Knowledge Management among managers and organizations in Hong Kong.
  
• To establish connections with overseas organizations practising, promoting, and researching in Knowledge Management.
  
• To undertake researches in Knowledge Management by itself or in collaborations with other organizations as appropriate and the dissemination of the useful results of such researches; and to develop and pilot test various Knowledge Management tools for use by organizations in Hong Kong.
  
• To promote, encourage and educate the public of the advancement and implementation of Knowledge Management in Hong Kong.
• To collaborate with educational non-profit making institutes or other organizations for the teaching of Knowledge Management.
  
• In furtherance of the objects of the Centre, to affiliate with and procure the affiliation of kindred institutes and bodies whether within Hong Kong, Asia Pacific or elsewhere.
  
• To organize, conduct and/or finance or subsidize courses, symposiums, conferences, lectures, seminars, tutorials, workshops and such like activities as part of the Centre's educational programs.