What is the purpose of feedback and lessons learned in the RM Processs?

The purpose of feedback and lessons learned in the Risk Management (RM) process is to enhance future risk identification and mitigation strategies. By analyzing past experiences, organizations can understand what worked well and what didn’t, leading to improved decision-making and more effective risk responses. This iterative learning process helps build a resilient framework for managing risks proactively, ultimately contributing to better project outcomes and organizational success.