In nonprofit projects, project closure should go beyond the final deliverable to include a project retrospective. A project retrospective is a meeting conducted at the end of a project to review, reflect, and learn from the process and outcomes of the project. Specifically, the project manager, project team and other relevant stakeholders such as the sponsors, clients, and users gather to reflect on what went well within the project, what did not go well, lessons learned, and what can be done better or differently in the future.
Your team could benefit significantly from a well-planned and executed retrospective. Every project presents an opportunity to learn something new about the products and services as well as about the team. Failing to engage in retrospectives risks failing to incorporate lessons learned or losing knowledge. The main benefits include: