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Project Management Review The "Lessons Learned" Section Term Paper

Project Management Review the "Lessons Learned" section of the project risk diagram. Describe how the Lessons Learned activity helps you become a stronger project manager, who else it helps in the project team and also describe how it helps PMO. 200 words

Documenting the lessons learned is one of the most important aspects of the closure phase of the project. It is important to an individual project manager because they can reflect on their performance and find areas for improvement. A project manager, with the assistance of their team and supervisors, can find areas in their management capacity in which they can work on for future improvements. They can also make note of things that went right so that they can recreate those items in the future. For instance, if a change management procedure or a communication medium worked well then the project manager will know to use these in the future.

There have been many advancements in how organizations are using individual lessons learned to share with the other project teams. Many organizations are experimenting with different platforms to capture knowledge. One interesting development is the use of the two major forms of social software are Web logs (blog) or Wiki; which is short for the Hawaiian term meaning quick. One advantage over email for both forms of social software is that it can allow a new project...

Each of these platforms have specific advantages and both can be effective and allow team members to get up to speed quickly on a project. Using a standard wiki-like page, the project team can document the processes and procedures that the team is using so that the entire team can read, edit, and collaborate on a shared space (Rettich, 2011).
2. A contingency is described in Chapter six as "alternate plans" on page 102. How does risk identification help with project contingency planning? Provide an example of a specific contingency plan you have ever used, and why it was necessary.

Risk management is also one of the most important components of the entire project. It is critical that the project manager prepare a risk management plan that is comprehensive enough to identify and plan for all of the potential risks. Once the risks are successfully identified, then the project team can create contingency plans based on all of the possible circumstances. There is also always the potential that the project could require significant increases in budgeting to cover additional expenses that were not planned for in the contingency plan. Thus an accurate estimate, including all the potential risks, is needed to compile an effective cost-benefit analysis…

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Works Cited

Anderson, P., & Tushman, M. (1991). Managing through Cycles of Technological Change. Research Technology Management, 26-31.

Rettich, K. (2011). Using the Wiki to Deliver Paperless Software Documentation. IPCC, Professional Communication Conference (IPCC), 2011 IEEE International, 1-8.

Sarin, K. (2010, April 19). Nature of Training and Development. Retrieved October 15, 2011, from HRM Training and Development: http://www.scribd.com/doc/10041934/HRM-Training-Development

Shtub, E. (2004). Project Management: Processes, Methodologies, and Economics. London: Prentice-Hall.
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