Closure: Risk Knowledge Transfer
Fools you are. To say you learn by your experience. I prefer to profit by others’ mistakes and avoid the price of my own.
—OTTO VON BISMARCK
During the closure phase of a project, it is standard practice to complete a debriefing of the project team and customer stakeholders and sponsors. This debriefing provides the basis for an evaluation of the project’s success and lessons learned. These lessons learned allow the continuous improvement of an enterprise’s project management processes. Figure 6-1 illustrates the placement of risk knowledge transfer in the processes defined by the PMBOK® Guide.