You task is to prepare a report about knowledge Management System (KMS).You task is to prepare a report about knowledge Management System (KMS).Provide a brief account of the essential components including hardware, software and services needed (images may be included as well as citation and references).List and explain the top five challenges of implementing a KMS and suggest ways to mitigate themBriefly discuss how to protect the proprietary knowledge from unauthorized access, provide concrete examples.Describe one type of KMS that would be an appropriate choice for a small to mid-size organization in South Florida. Investigate the fees associated with the initial acquisition as well as maintain a contract for 12 months. Alternatively you may choose to discuss KMS used by workplace/organization.*Fees may be an estimation, but must be realisticInclude a cove page and references page in APA formatReferences may include industry or academic type, Wikipedia is excluded as a referencesBy submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™ services in accordance with the Blackboard Privacy Policy; (2) that your institution may use your paper in accordance with your institution’s policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.