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In recent years, technologies of servers, networks, mobile communications, and other platforms supporting IT have advanced rapidly almost on a daily basis by the technology innovation and the diversification of the customers' demands. Accompanied by the demands for greater functionality and higher performance in these technologies, complexity and scope of product design have been increased in the product development phase compared with several years ago. However, in spite of the increases in sophistication and complexity, the market requires faster time-to-market and higher quality for those ICT products. To complete development within the period required by the market, engineers have to learn related new design methodologies or techniques. In other words, there should be plenty of knowledge in their design to be acquired, shared and utilized for development, also there are some problems of sharing and utilizing in the development organization. The author researched development knowledge in the ICT development company that he belongs to, reports the current situation and problems which were found by the surveying and interviews with engineers, created knowledge growth model in his company, and shows the requirements of practical project development knowledge management system to assist their development productivity improvement.