How memory is lost
The most common cause of memory loss is personnel turnover. The people who lived through an incident take its lessons with them when they leave. The replacement team inherits documentation that describes what happened without conveying why it mattered or what it felt like to manage the recovery. Tacit knowledge evaporates faster than explicit knowledge.
Restructuring also destroys memory. When organisations merge, outsource, or restructure, the informal networks that carried lessons from one generation to the next are broken. The new organisation may possess the reports but not the relationships, the war stories, or the scepticism that the old organisation developed through experience.