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A.) B. Organizational process assets (OPA) plays an important role in project management and if utilize properly, it can be an indispensable tool for the success of the the project. All organizational process assets are used as inputs for the Plan Stakeholder Management process, including Choices B, C and D. The lessons learned database (Choice A) and historical information are of particular importance, because they provide insights on previous stakeholder management plans and their effectiveness. Marketplace conditions ANS: A Organizational process assets include formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information that can influence a project’s success. These OPA’s include hard-assets like computer systems and programs, and the documents and forms that an organization uses. Therefore, Organizational Process Assets would include anything the organization has acquired that you can use in the management of the project. Organizational assets can be divided into two main types: tangible and intangible It It should also be ensured that these processes shall comply with the applicable standards, policies and models It is important to note that organizational process assets always support the project team, while enterprise environmental factors can help or hinder. Hello Farbod, Train with Skillset and pass your certification exam. An asset is something of value and the assets of a mature company are priceless. OpenPM has never and will never compromise its integrity. Guaranteed. Can you be more specific as I am a bit lost with your question ? Hello Amir Abbas, As explained above, Every organization keeps a database of all the information and records of the previous executed projects, and these information are stored in a central repository called Organizational Process Assets. Explanation. The following are all inputs to the Develop Project Charter process except: A. A scheduling software tool is an element of project management information system, which is defined as an enterprise environmental factor, rather than an organizational process asset. If there is something already in place, you do not need to create it again. ITIL vs PRINCE2 vs PMP: What They Offer and Which One is Better? Organizational structure. You are preparing for the quantitative risk analysis process. OPAs include: Any artifact, practice, or knowledge from any or all of the performing organizations involved in the project that can be used to execute or govern the project. Specific steps or chain of events or series of actions/changes necessary to obtain particular results. Let me know your feedback in the comments below. Sign up for your free Skillset account and take the first steps towards your certification. These are fulfilled by the project’s team members in order to meet the needs and deadlines of a certain project. PMI question 5924: Which of following could be organizational process assets?A. Since we live in an environment, it influences our behavior in a certain way. Which of the following is also In your IT development project, training courses will take place soon in order to... Work Assigned in the Project : Organization invests in … Organizational knowledge bases, tools, and techniques OProcesses, policies, procedures, tools, and techniques. ID 1018 which of the following is a hierarchical representation of project risks. They include formal and informal plans, policies, procedures, and guidelines. B. Please respond here or email me on [email protected], I want to clear out my doubt. The contract termination procedures in the organizational process assets. Causes for Variances. Also of importance for inclusion in the compilation of the organizations process assets list is the outline and delineation of the organizations knowledge base and such as any lessons that have been learned and a historical … What is the ‘best mindset’ suited for dealing with uncertainities and grey areas in projects? Organizational Process Assets—Processes and Procedures There are two broad categories of OPAs: processes and procedures, and corporate knowledge base. But how can be Resource availability be part of EEF? -Historical information and lessons learned repositories; Similarly an org a nization has assets in terms of process policies and knowledge base which becomes mature with the time. C.) Collect Requirements. A project manager can use existing project management templates from previous projects conducted by the organization. Cost Performance Index : Organizational process assets: Policies and procedures, organizational and industry standards, knowledge database STUDY CHECKPOINT 4.3 Assuming that the online learning system in Figure 4-2 is managed by a company A. A.) Learn how your comment data is processed. Financial Databases. The key elements of the organizational process assets that are used during this process are organizational communication requirements, issue management procedures, and the change control procedures. So, Businesses inter-connectivity, inter-dependability, specifically mentioning wireless network connectivity exposes organization and it’s employes to the world of untrusted networks. Organizational Process Assets include documentation that serves as an archive or repository of the company. It took a long time, human and economic resources to achieve them. Could you recommend us further readings? When organizations perform projects; It collects data, information, reports, analysis, research, lesson learned, create templates, and combine all these documents in organizational repository. (b) A project gives some output. Organizational process assets (OPAs) influence the management of projects. C.) Collect Requirements. B. Organizational Process Assets include documentation that serves as an archive or repository of the company. PMP Exam and PMBOK: IS PMBOK Indispensable? TRUE _____ involves working with stakeholders to create the document that formally authorizes a project. In the last post, I introduced the two “ubiquitous” inputs to processes, in the sense that they are used as inputs to many, many processes: 1) Organizational Process Assets, the processes, policies, and corporate body of knowledge of an organization, and 2) the Environmental Enterprise Factors, the internal company culture and the societal environment in which the organization does … Forever FREE PMP Resources; Exam Simulators, PMP Progress Tracking, Weekly Exam Questions, ... PMP Exam Prep Seminar - PMBOK Guide 6 by Joseph Phillips, PMP Certification Training - 35 Contact Hours by Master of Project Academy, Project Manager´s Fast Start Program by OnlinePMcourses. Post was not sent - check your email addresses! Business processes are organizational assets too. Q10. Can be reached. Welcome to the First OPEN Project Management Community. Organization is a broad term, but since we are discussing it for project and project management, we will limit it to human-created bodies. In your construction project, a senior project manager has recommended you... Training Costs : The key elements of the organizational process assets utilized during this process are organizational communication requirements, issue management procedures and the change control procedures. -Guidelines and criteria for tailoring the organization’s set of standard processes and procedures to satisfy the specific needs of the project, Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned The organizational process assets are typically grouped into two categories: 1. Exam Readiness Know when you’re ready for the high-stakes exam. Love PMP. Video Training. Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specificto and used by the performing organization. The following considerations describe the importance of addressing your own organization's assets at the beginning of a community building effort: The staff and organization of your project must recognize their own gifts, and the places to utilize those gifts, before they are truly able to honor the assets of other people and community groups. A. PMBOK further breaks OPAs down into (1 B. It’s a synonym for practice, approach, procedure, method. First, we should understand the word “environment” before we start to discuss enterprise environment factors. The project management office (PMO) is normally responsible to store and share these assets and information with project managers. It can save a lot of time, effort, and cost on the new project. Those are the documents of previous projects , all documents related to ur project which acts as an input to the management of project that may be procurement, stakeholder etc any department. Which one ofthe following isNOTa valid reason to utilize organizational process assets as a part of the quantitative risk A. Which of the following is NOT an input into this process? Few project managers collect lessons-learned information throughout the project’s life. This site uses Akismet to reduce spam. So Organizational Process Assets may include but not limited to: According to PMBOK; The definition of Organizational Process Assets are: Few of them are as follows; (Source: PMBOK 5th Edition) Financial related databases (costing, budgeting, profits, cost overruns, hourly rates, labor hours / rates, etc…) You will use organizational process assets for risk databases that may be available from industry sources. Tangible assets, also known as organizational resources, have a physical form such as raw materials for products, machines, infrastructure, or money. These are very important for the planning stage, irrespective of the nature of the project. I am on the move, will recommend later. Question 12: Which of the following processes does not have Organizational Process Assets as an input? Industry standardsC. #icon8069:hover{color:;background:;} #icon6288{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned Choice 4 Cost estimating policies Corporate Knowledge Base consists of organizational process assets which includes various types of information related to projects that can be used for any project activity. In your IT project, you have recently carried out Earned Value... Resource Optimization : Organizational process assets (OPAs) are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. Select sellers-proposals, evaluation criteria, and organizational process assets are inputs to the select sellers process. C. Assets include any or all process related assets, from any or all of the organizations involved in the project that can be used to influence the project’s success. (c) … It’s the way things, elements, and humans are organized in a systematic way. Choice D, Organization's procedures in the form of templates, is an example of Organizational Process Assets. D. Perform Integrated Change Control. https://quizlet.com/286530782/misy-4350-ch-4-mmmmmm-flash-cards A company's A company's Which of the following choices is not an organizational process - ProProfs Discuss Control Communications Process #icon8069{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} Organizational knowledge bases, tools, and techniques OProcess… Organizational process assets can be customized according to their suitability and they make the project management team’s life much more comfortable. A. It’s a synonym for belongings, goods, valuables, strength. The organizational process assets (OPAs) that can influence the Plan Schedule Management process include but are not limited to: These documents are extremely useful in initiating or planning a new project. A. They include any artifact, practice, or … You are using organizational process assets to help you complete the quantitative risk analysis process. e.g: If your organization have already a template of a project management plan from exactly the same kind of project that they have done a while back. Organizational process assets are inputs needed by a company’s project management processes. Whether you are preparing for CaPM, PMP or any other PMI exam certification, this concept will be helpful in your exam as well as in your real life projects and project management. The types of assets that can fall under this categorical heading include any formal or informal plans that have been derived, as well as any project related policies and procedures. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative riskContinue reading Organizational process assets updates are an output of this process, and Choice B represents such an update. Question 12: Which of the following processes does not have Organizational Process Assets as an input? some helpful…, Pass PMP Exam On First Try – Helpful Tips and Insights. Almost, every good organization keeps a database of all the information pertaining to the organization. These shall be accessible to the process implementers. other assets include historical information on organizational structures that have worked in previous projects … The other assets are: Historical information on org structures that have worked in previous projects and organizational processed and policies. It’s a systematic series of natural, chemical, programming, mechanical operations performed to achieve the end product. Organizational process assets (OPAs) influence the management of projects. It is also understandable that Resource Availability cannot be an input while preparing schedule management plan, it could be an input for developing schedule. Could you tell me the factors that are contributing to the increasing vulnerability of organizational information assets? Examples are organizational culture (choice A), existing human resources, such as skills and knowledge (choice B), and work authorization system (choice C). The organization process assets are collection of learning and artifacts which has been accumulated by the performing organization since they started working on projects. The organizational process assets (OPAs) that can influence the Plan Schedule Management process include but are not limited to: -Historical information and lessons learned repositories; -Existing formal and informal schedule development, management- and control-related policies, procedures, and guidelines; ... EEF (Enterprise Environmental Factors) E. OPA (Organizational Process Assets) F. Preliminary Scope Statement. Customer satisfaction is the focal point of almost every good organization. I am a researcher, analyst, currently involved in writing a book and helping individual's achieve success in PMP Certification. Which of the following may not be included in the organizational process assets that Question 45 influence the Estimate Costs process? Organizational process assets is an input into the create WBS process. You are the project manager of the GHG project. Can this be institutionalized in an organization? C. Commercial databases, such as standardized estimating data are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. That is rather a totally different topic and may also be organization specific and so shall be based on their policies and procedures. With the establishment of a PMO in an organization, employees are adopting project management jargon. Project Statement of Work. We are living in a dangerous world. Business processes are of great importance for customers, since they create value for them, by interrelating a set of actions which transform organizational inputs into organizational outputs. Isn’t it wise to use the template and alter it according to your project or create a new one?. For instance… Process audit procedures B. It is well understood that organizational structure and commercial database could be the Part of EEF. -Existing formal and informal schedule development, management- and control-related policies, procedures, and guidelines; Which one of the following best describes the important categories of OPAs? Are you studying for the PMP certification? Processes and procedures for conducting work, and 2. So, one of the biggest threat is the IT (Yes, Information Technology) itself and business environment dependability on IT. standardized stakeholder list is not a valid organizational process asset used in the plan resource management process. Developing the project charter b. Which of the following best describes analogous estimating? It could be a person, valuable item or thing or something useful and effective. 2. You are using a previous similar project to predict the costs of the current project. B.) Process Assets in organizations are known in following variants like Process Assets Library (PAL), Process Database (PD), Process Repository (PR), Software Process Database (SPDB) etc. -Templates and forms; and -Monitoring and reporting tools. A company's organizational structure and culture;-a companys organizational structure and culture is not an organizational process asset. Hence every organization formulate certain processes, policies and procedure that could help achieve excellence in their projects. In most organization, it is the responsibility of the project management team to search for the historical information before executing a project and collect all the necessary and relevant documentation. Organizational process assets that may be useful in defining the business analysis approach include methodologies for process change or software development, tools or techniques that are in use or understood by stakeholders OPA is an important concept and is critical to project success for both new and experienced project managers. D. Lessons learned repositories. (There are at least a hundred factors in IT that could lead to increasing vulnerability of Organizational Process Assets) but I’ll talk only on Business environment connectivity both physically and wireless to the outside world. You are using organizational process assets to help you complete the quantitative risk analysis process. Over to you! The key elements of the organizational process assets utilized during this process are organizational communication requirements, issue management procedures and the change control procedures. Which of the following is not true? Close Project or Phase. Well, there could me many factors, but I’ll touch on only factor and we can discuss it further if you are interested. Team resource availability and skills and physical resource availability are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. Lessons Learned from Project Cost Control. Whether those information are available to every employee or not, and either should be available or not, that’s not the scope of this post. It took a long time, human and economic resources to achieve them. Which of the following may not be included in the organizational process assets that Question 45 influence the Estimate Costs process? PMBOK® 13.4.3.5, pg 415 PMBOK® 13.4.3.5, pg 415 What is the best use of status meetings with the Control Stakeholder Engagement process? Good project managers not only benefit from these historical documents but keep all current project documents updated and store in the repository at the end of the project. Organizational process assets The Control Communications process involves sharing the project status reports and measurements with appropriate stakeholders. You are using organizational process assets to help you complete the quantitative risk analysis process. Organizational Process Assets and it’s Role in Project Management, Organizational Process Assets and Project Management, Enterprise Environmental Factors: Role in Project Management defined, ITIL vs PRINCE2 vs PMP: What They Offer and Which One…, Project Management Practices For Successful Project Delivery, Smart Tips On How to Build a Prolific Team, 8 Tips on How to Be More Productive at Workspace, Kim Heldman PMP Exam Study Guide [2018 Review], Rita Mulcahy PMP Exam Prep Book [2018 Review], The PMBOK 6th Edition 2017 is released with excitement and anxiety, Download Free PMBOK 6th Edition PDF and Save Money, How To Prepare For PMP Exam: PMBOK & Study Guides Tips, When to know I am ready for PMP Exam? Organizational process assets enable consistent process performance across the organization and provide a basis for cumulative, long-term benefits to … Corrective actions chosen and reasons. “the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization”. You are using organizational process assets to help you complete the quantitative risk analysis process. Which of the following is an example of an organizational process asset in this process? Financial database not in scope for schedule. Sorry, your blog cannot share posts by email. D. Standardized stakeholders list D - Standardized stakeholder list is not a valid asset used in the Develop Human Plan process. D.) Define Organizational Process Assets are the Plans, processes procedures, and knowledge bases that are specific to and used by the performing organization. The processes and procedures include things like policies, document … The organizational process assets are described in section 2.1.4 of the PMBOK, 5th edition. e.g: Many organizations has set certain process assets as a standard for a specific work unit or operation to be performed, and these process assets can be part of Organizational Process Assets. #icon6288:hover{color:;background:;} #icon7102{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} However, only some of the process assets are relevant to any given process. Organizational process assets include any of the organization’s process assets that may be used to ensure project success. The process can be seen everywhere from manufacturing to nature. Refer to the Organizational Process Focus (OPF) (CMMI-DEV) process area for more information about incorporating experiences into organizational process assets. Developing the preliminary project scope statement c. Developing the project management plan d. Organizational Process Assets (OPA) has been mentioned 30+ times in PMBOK, either as an input process or as an updated document to many output processes. We (here by “We” mean, Organization and it’s employees) are connected to this world via various means, Network, Social Community, Social Media, Land and Wireless connectivity and the list goes on and on. After the kick-off meeting of your project, you believe that some... © 2020 - All Rights Reserved - Nonica - They are grouped into two categories: processes and procedures, and corporate knowledge base. Which of the following Organizational knowledge bases, processes, policies, and procedures. Process Asset in an organization plays an… Faster. Intangible assets, also known as organizational capabilities are goods of a non-physical nature, such as: They generally fall into two categories: Processes, guidelines, and procedures, such as: organizational standard processes, standardized guidelines, templates. Which one of the following best describes the important categories of OPAs? Which of the following is not an Organizational Process Assets Update. Other assets include historical information on organizational structures that have worked in previous projects and organizational processes and policies. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk A. These assets can be modified and tailored according to the needs of the project, regardless of whether these assets are newly created or modified or are part of an on going standard policy. According to PMBOK; The definition of Organizational Process Assets are: “the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization”. B.) (a) Every project is unique. Apple’s assets are their design and manufacturing. Which of the following is also a key organizational process asset that must be considered during this process? By uncertainties, you mean Risk or something else and where exactly are you pointing while referring to grey areas ? Medical, research, tech, and other organizations. PMP Lessons Learned: before, during, and after the daunting Exam, Difference Between Standard and Methodology. Organizational process assets (OPAs) “are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization” (PMBOK Guide, 27). C. Commercial databases. Assets are any tangible/intangible items owned by a person or a company. Team resource availability. You will use organizational process assets for studies of similar projects by risk specialists. Escaped early from an endless career in Telecommunication, to explore the beautiful world around. Perform Integrated Change Control. D. Assets include any or all price related assets, from any or all of the vendors involved in the project that … Organizational process assets are an input/output to PMBOK processes but it’s an important tool for project management. The web definition of OPA is any or all process related assets, from any or all of the organizations involved in the project that are or can be used to influence the project’s success. the other choices are valid assets. Organization infrastructureD. The project manager and project management team extensively use Organizational Process Assets for the success of the project.

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