Why is project documentation important in GFEBS?

Project documentation holds significant importance in GFEBS, primarily because it serves as a comprehensive record of decisions made, changes implemented, and performance metrics tracked throughout the life of a project. This documentation ensures that there is a clear and accessible history for all stakeholders, which can be critical during audits, reviews, or any reassessment of project direction.

Having detailed records helps maintain accountability, facilitating a better understanding of how and why specific choices were made. Additionally, it can provide benchmarks and performance indicators that allow the team to assess success and identify areas for improvement. This defense of decisions and analysis of outcomes is instrumental in future planning and strategy development, making this facet of project management invaluable within the GFEBS framework.