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The purpose of this paper is to present a prototype ontology‐based application that has been developed for competency management and learning paths.

The paper provides an overview of competency management and related work in this area, a description of the competency ontology, and a functional and architectural analysis.

The paper provides information on work related to ontology‐based competency management systems, indicating an enhanced approach with a detailed analysis of system architecture and functional analysis.

The proposed application will be implemented through a .NET deployment, in Microsoft Hellas, the Greek subsidiary of the multinational IT company.

Ontologies have already been created in different scientific areas, including knowledge and competency management. However, only a few ontology‐based applications are available today within the domain of competency management. In this paper an ontology‐based application is presented has been developed for competency management and learning paths. Specifically, the paper provides an overview of competency management and related work in this area, a description of the competency ontology, and a functional and architectural analysis.

Aims to review the key concepts of competency management (CM) and to propose method for developing competency method.

Examines the CM features of 22 CM systems and 18 learning management systems.

Finds that the areas of open standard (XML, web services, RDF), semantic technologies (ontologies and the semantic web) and portals with self‐service technologies are going to play a significant part in the evolution of CM systems.

Emphasizes the beneficial attributes of CM for private and public organizations.