Formalize Experience

Explanation

Formalizing Experience can be performed once a project is closed. This is a very important task to perform in order to learn from mistakes and to make use of this knowledge in new projects. It is entirely up to your organization to decide how to formalize the experience. The experience should be registered as a document in the Document Management component. We recommend that you at least look into these aspects of the project:

• Compare planned values to actual values. Did the project complete according to plan values for hours, material, work, and miscellaneous?

• Which activities were the worst? Find the delay in time and increase in cost. What was the reason for these discrepancies?

• Find the main reasons why your project did not go according to plan. Did you use resources that were not familiar with the problem? Did the specifications lack details? Did you delay the project in order to fulfill other important tasks in your organization?

It is important that the information is made known to all project members that participate in your projects. The project managers are perhaps the most important; in addition, project members who perform the work should share this information.

Prerequisites

• The project must have been closed.

System Effects

• None