The document discusses how project managers can learn important lessons from project failures. It recommends that project managers go through four steps to process a failure: 1) get input from all parties involved to understand what happened, 2) determine the root cause of the failure and what could have prevented it, 3) validate the lessons learned with the input sources, and 4) communicate the lessons to resources and stakeholders to apply to future projects. Going through this process helps ensure the issues that led to failure do not reoccur.
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