"Lessons Learned... the forgotten treasure." - April 2019 Edition is out !

We learn from project failures as well as project successes to implement good processes and practices and to avoid pitfalls, in order to successfully complete existing and future work. By not learning from project failures we are doomed to repeat similar situations; and by not maximizing on project successes, we miss future opportunities.

According to an article entitled “20/20 Foresight” in PM Network (Logue, 2004), “[It is estimated] that Fortune 500 Companies lose $31.5 billion each year because they don't share knowledge.” 

So, neglecting lessons learned and not sharing the knowledge is not a new trend in the Project Management industry; where capturing lessons learned should be an on-going effort throughout the life of the project. It is a culture or mindset more than a technique or process, and it should be implemented by every project manager from day one in every project.

In this edition, we look at different aspects of the Lessons Learned and how to implemented successfully from different point of views. Accompanied by a set of articles on different subjects related to Project Management published in March 2019. pmmagazine.net - Team

"Lessons Learned... the forgotten treasure."
April 2019 Edition is out !

We learn from project failures as well as project successes to implement good processes and practices and to avoid pitfalls, in order to successfully complete existing and future work. By not learning from project failures we are doomed to repeat similar situations; and by not maximizing on project successes, we miss future opportunities.

According to an article entitled “20/20 Foresight” in PM Network (Logue, 2004), “[It is estimated] that Fortune 500 Companies lose $31.5 billion each year because they don't share knowledge.” 

So, neglecting lessons learned and not sharing the knowledge is not a new trend in the Project Management industry; where capturing lessons learned should be an on-going effort throughout the life of the project. It is a culture or mindset more than a technique or process, and it should be implemented by every project manager from day one in every project.

In this edition, we look at different aspects of the Lessons Learned and how to implemented successfully from different point of views. Accompanied by a set of articles on different subjects related to Project Management published in March 2019.

edition April 2019
pmmagazine.net -Team

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pmdictionary.org

The Unified Project Management Dictionary

Baseline

Baseline is the approved formal version of a work product that can be changed using formal change control procedures and is used as the basis for comparison to actually results to measure how performance deviates from the base. In project management there are three baselines as follow: schedule baseline, cost baseline and scope baseline. The combination of all three baselines represents the standard that is used to measure the performance of the project.

more terms

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pmdictionary.org

The Unified Project Management Dictionary

Baseline

Baseline is the approved formal version of a work product that can be changed using formal change control procedures and is used as the basis for comparison to actually results to measure how performance deviates from the base. In project management there are three baselines as follow: schedule baseline, cost baseline and scope baseline. The combination of all three baselines represents the standard that is used to measure the performance of the project.

more terms