Lessons learned: Secret Code of Project Management

The last outcome of a project is its lessons learned. As we’ve seen in previous articles, each project has a lifecycle that includes four major phases. These are planning, organizing, preparing, execution, and closing. After the project is completed, lessons learned are applied. Documenting the lessons learned is an important organizational process asset for a company. These lessons are used to initiate another project.
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What are the lessons learned? What are the next projects that will use the lessons learned?
We will answer all your questions regarding the lessons learned in Project Management in this article. You can also take our CAPM training course to learn more about Project Management. This online training includes 300+ lectures about Project Management and will last for 35+ contact hours. The PMP certification is the most prestigious in project management.
Lessons from Project Management: What is included

What went right: The document contains the best practices used during the project. These best practices can be used to inspire future projects. They also get the benefit of these right implications.
Documentation of what went wrong: Improper implementations, bad decisions, and impediments that led to slower outputs by the project team are all documented. Documentation also includes information about what could have been done to avoid similar problems in the future. This entry was not saved. Please try again. We have sent you links! You should have already received an email from masterofproject.com. If you have not received an email from us, please check your spam folders. You can also add masterofproject.com on the safe senders list to ensure you receive our emails.
What could have been better: If the project was re-done, what could be improved? Was the project hampered by resource limitations? Did the project suffer from planning flaws? These should all be documented together with the reasons.

What lessons should Project Management cover?

Technical aspects of the project: Documentation should include the schedule performance as well as the cost performance and the quality performance of each phase. What was the budget for the project and what is its completion budget? What was the completion schedule and what was the scheduled schedule? These types of planned and actual values should be included. Their variances should provide an insight into the overall performance of a project.
The project work breakdown structure: Schedule planning, risk planning, cost planning and procurement planning. All management plans must be preserved in the documentation. They will be useful for future reference.
Recommendations for management: The documentation should contain recommendations for management and communications as well as leadership and leadership. Communication errors should be noted. The document should also mention what could have been done to improve communication.

The Role of Lessons Learned

This figure shows the importance of lessons learned. These lessons can be used to improve the performance of new projects within an organization.
Before starting a new project, it is important to search the organizational process assets library. This is done to see if there are any useful hints that could be helpful in the new project.
These useful hints can then be used in the new project. There will be new lessons learned during the new project. These lessons will be learned throughout the project’s life cycle, just like the previous one. This knowledge can be applied to other projects in the organization. The project is completed.