The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager…

Documenting the results of the risk monitoring and controlling process is important for creating

lessons learned. This helps future projects by providing a reference for risk management practices

and experiences.

The documentation of the results of monitoring and controlling risks is a valuable source of

information for lessons learned. Lessons learned are the documented information that reflects both

the positive and negative experiences of a project. They represent the organization’s commitment to

project management excellence and the project manager’s opportunity to learn from the actual

experiences of others. By documenting the results of monitoring and controlling risks, the project

team can capture the effectiveness of the risk responses, the changes in the risk exposure, the root

causes of the risks, the best practices and the lessons learned for future projects. This documentation

can help to improve the risk management process, enhance the project performance, and increase

the organizational knowledge base. Reference: PMI Risk Management Professional (PMI-RMP)

Examination Content Outline and Specifications1, page 10; A Guide to the Project Management Body

of Knowledge (PMBOK® Guide) – Sixth Edition, page 406; Lessons learned - PMI.