Free PMI Project Management Professional (PMP) Practice Question

Conducting a retrospective meeting to document lessons learned is essential in order to capture what went well, what did not go well, and what could be done differently in future phases or projects. This creates a valuable knowledge base that can help improve future project performance and prevent the repetition of past mistakes. Updating procurement financials is important for closing the current phase accounts. Meanwhile, releasing resources ensures that they are available for other projects. However, they are not as crucial for adding value to future projects as documenting lessons learned for future reference. Discussing project responsibilities within the team may be part of the transition or handover but does not inherently contribute to the capture of knowledge that will add value to future projects.