Why Continuous Learning is Key to Successful Project Management

May 6, 2016 by
Ruari O'Donnellan

Completing tasks and projects is great – it’s such a fantastic feeling to finish out a piece of work, and then admire it in all its glory.

But once that is done, it’s important to look back on it and reflect on what went well and what didn’t go so well. You should learn a lot during this reflective period, and allow these learnings to guide future actions on future projects.

One area within your project that you’re likely to learn a lot from is your risk management strategy. Paying close attention to how you manage and deal with the various elements which are likely to impact your project outcome will teach you a lot and allow you to manage future projects more effectively.

If you’d like to learn more about continuous learning and its role in risk management, why not check out the below video from our risk management training series.

The transcription of the above video can be seen below!


 

The final step, and probably the most important of the six, is learning. During the first 5 steps, you’ll have gained a lot of experience in risk management, but what good is that experience if it doesn’t guide future risk management activities that you and your team might undertake. The answer? Not much.

Continuous learning

Now, you might be thinking that this learning step only takes place at the end of the risk management process, but you can actually start the learning process from the very minute you begin your project. It’s recommended that you and your project team learn continuously from the get-go, and you do this by focusing on three key objectives, which are:

  1. Providing quality assurance on the current risk management activities so that the team can gain regular feedback
  2. Capturing lessons learned, especially around risk identification and successful mitigation strategies
  3. Improving the risk management process by capturing feedback from the team

Capturing your learnings

In order to capture your learnings, we suggest you implement the following techniques:

  1. For new risks that you and your team failed to identify in the risk identification step, ask yourself and your team what went wrong.
  2. You should also document any successful mitigation strategies you used as they might come in handy for future projects. You might even want to document the unsuccessful ones so you know exactly what not to do!

Risk knowledge base

Once you’ve dedicated yourself to continuous risk management learning and are implementing the correct techniques in order to capture your learnings, you’ll want to develop a risk knowledge base to hold all of your gathered information.

The risk knowledge base is used to guide future projects based on past learnings. It holds all the useful information you’ve gathered in one handy place that can be easily accessed by anyone who needs it.

 

SharePoint Project Management Template

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