The key benefit of effectively managing project knowledge is that **project stakeholders have a clear picture of the project**. This understanding empowers businesses to drive better collaboration, manage the entire project lifecycle, and identify areas for improvement, ultimately delivering measurable outcomes and supporting growth.
The correct answer is D. New knowledge is added to organizational process assets.
Effective management of project knowledge involves capturing and documenting lessons learned, best practices, and other valuable insights gained throughout the project. By doing so, this knowledge becomes part of the organizational process assets, which are resources, tools, and knowledge that can be used by the organization in future projects. This contributes to organizational learning and continuous improvement.
While options A, B, and C are important aspects of project management, they don't specifically capture the broader organizational benefit of adding new knowledge to the organizational process assets.
D. New knowledge is added to organizational process assets.
When a project manager effectively manages project knowledge, one of the key benefits is that new knowledge and lessons learned from the project are captured and added to the organization's process assets. This means that the organization can benefit from the knowledge and experience gained during the project, which can be used to improve future projects and processes. While options A, B, and C are also important benefits of effective knowledge management, the primary long-term benefit for the organization is the accumulation of knowledge and its incorporation into organizational processes and practices.
I thought D should be the correct answer?? FWIW chat gpt also says D
upvoted 2 times
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