This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The 'Learn from Experience' principle is a continuous cycle applied at the start, during, and end of a project, not just at closure.

- The Lessons Log is a dynamic document created in the 'Starting Up a Project' process to capture ongoing lessons.

- The Lessons Report is a formal summary created during 'Closing a Project' to pass knowledge to future projects.

- A primary exam trap is confusing the timing and purpose of the Lessons Log (a living project document) versus the Lessons Report (a formal summary for others).

- PRINCE2 requires project managers to actively seek lessons from past projects at the very beginning of a new project.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep