Final answer:
Changes documented on a Change Memo can often be automatically updated upon approval, which is typically true when using digital project management tools with integrated change management capabilities. However, this automation depends on the organization's systems, and manual or outdated systems might not support such features.
Step-by-step explanation:
The statement 'Changes can be documented on a Change Memo can be automatically updated upon approval' is generally True. Change Memos often refer to documents used in business or project management contexts to record and communicate changes to the original plans or agreements. With advancements in digital project management tools and software, many platforms now have the capability to reflect changes in the system automatically once a Change Memo is approved.
When a Change Memo is created, it details the nature of the change, its impact, and any additional resources required. After stakeholders review and approve the Change Memo, the associated systems can update the project documentation, schedules, budgets, or any other elements affected by the approved change. This simplifies the process, reducing manual updates and the potential for human error.
It is important to note that this automation depends on the systems in place within an organization. Not all systems are equally equipped to handle such automatic updates post-approval. Organizations with sophisticated, integrated project management software are more likely to benefit from this automated feature. Manual systems or those without integrated change management capabilities would not support automatic updates, in which case the statement would not hold true.