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 A. 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”. 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. However, only some of the process assets are relevant to any given process. It is well understood that organizational structure and commercial database could be the Part of EEF. C. Commercial databases. It is important to note that organizational process assets always support the project team, while enterprise environmental factors can help or hinder. -Historical information and lessons learned repositories; Project Charter. Assets are any tangible/intangible items owned by a person or a company. These are fulfilled by the project’s team members in order to meet the needs and deadlines of a certain project. The organizational process assets are typically grouped into two categories: 1. Which one of the following best describes the important categories of OPAs? B.) You are using a previous similar project to predict the costs of the current project. I would like to understand from you what could be diffrent thoughts for the below scenario. (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. Project Statement of Work. Hello Farbod, (c) … Are you studying for the PMP certification? While preparing your schedule management plan, you are considering organizational process assets (OPAs) that could influence this process. 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. It’s a synonym for belongings, goods, valuables, strength. D. Lessons learned repositories. 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. The process can be seen everywhere from manufacturing to nature. B. Processes and associated artefacts required for organization shall be identified and developed and maintain at organizational level. I am a researcher, analyst, currently involved in writing a book and helping individual's achieve success in PMP Certification. B.) Organization is a broad term, but since we are discussing it for project and project management, we will limit it to human-created bodies. Organizational Process Assets include documentation that serves as an archive or repository of the company. 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. You are the project manager of the GHG project. Organizational process assets include any of the organization’s process assets that may be used to ensure project success. Perform Integrated Change Control. Select sellers-proposals, evaluation criteria, and organizational process assets are inputs to the select sellers process. Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned Few project managers collect lessons-learned information throughout the project’s life. Organizational process assets (OPAs) influence the management of projects. But how can be Resource availability be part of EEF? Organizational process assets are inputs needed by a company’s project management processes. OPA is an important concept and is critical to project success for both new and experienced project managers. ... EEF (Enterprise Environmental Factors) E. OPA (Organizational Process Assets) F. Preliminary Scope Statement. Organizational culture and structure are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. Over to you! When organizations perform projects; It collects data, information, reports, analysis, research, lesson learned, create templates, and combine all these documents in organizational repository. This appraisal typically includes the following: Determining which processes, methods, and tools are of potential use to other parts of the organization Appraising the quality and effectiveness of organizational process assets Skillset can help you prepare! An organizational process asset is consist of procedures and processes that greatly contribute to the company’s work. https://quizlet.com/286530782/misy-4350-ch-4-mmmmmm-flash-cards Team resource availability. Well, there could me many factors, but I’ll touch on only factor and we can discuss it further if you are interested. 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. OpenPM.org contains affiliate links, meaning at no additional cost to you, we will earn a commision if you click through and make a purchase. 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 term organizational process assets (OPA) consists of three words: Organization is a group of people with vested interests. Q10. It took a long time, human and economic resources to achieve them. C. You will use organizational process assets to determine costs of all risks events within the current project. They generally fall into two categories: Processes, guidelines, and procedures, such as: organizational standard processes, standardized guidelines, templates. Organizational process assets are an input/output to PMBOK processes but it’s an important tool for project management. 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.) Collect Requirements. The PMBOK® Guide helpfully breaks the OPAs down into which process group they are being used for: initiating, planning, executing, monitoring & controlling, and closing. Historical informationB. 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. 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 Train with Skillset and pass your certification exam. Developing the project charter b. (a) Every project is unique. 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. You are using organizational process assets to help you complete the quantitative risk analysis process. 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. Developing the preliminary project scope statement c. Developing the project management plan d. Can be reached. You are using organizational process assets to help you complete the quantitative risk analysis process. Organizational process assets (OPAs) influence the management of projects. 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. Organizational Process Assets—Processes and Procedures There are two broad categories of OPAs: processes and procedures, and corporate knowledge base. Other assets include historical information on organizational structures that have worked in previous projects and organizational processes and policies. You are using organizational process assets to help you complete the quantitative risk analysis process. B. An asset is something of value and the assets of a mature company are priceless. Intangible assets, also known as organizational capabilities are goods of a non-physical nature, such as: Organizational process assets updates are an output of this process, and Choice B represents such an update. Which of the following is an output of Develop Project Charter process? Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned Choice 4 Cost estimating policies Organizational process asset updates are an important output of the closing process of a project. Medical, research, tech, and other organizations. -Guidelines and criteria for tailoring the organization’s set of standard processes and procedures to satisfy the specific needs of the project, It took a long time, human and economic resources to achieve them. In your construction project, a senior project manager has recommended you... Training Costs : Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk A. Which one of the following best describes the important categories of OPAs? They include any artifact, practice, or … D.) Define Organizational Process Assets include the things that a company uses to conduct its business. B. Organization infrastructureD. ID 1018 which of the following is a hierarchical representation of project risks. Business processes are organizational assets too. Process audit procedures B. You will use organizational process assets for risk databases that may be available from industry sources. Can this be institutionalized in an organization? Guaranteed. Few of them are as follows; (Source: PMBOK 5th Edition) Financial related databases (costing, budgeting, profits, cost overruns, hourly rates, labor hours / rates, etc…) Customer satisfaction is the focal point of almost every good organization. Examples are organizational culture (choice A), existing human resources, such as skills and knowledge (choice B), and work authorization system (choice C). It should also be ensured that these processes shall comply with the applicable standards, policies and models Can you be more specific as I am a bit lost with your question ? B. A. Regression analysis B. Bottom-up estimating C. Organizational process assets D. Enterprise environmental factors The organizational process assets are described in section 2.1.4 of the PMBOK, 5th edition. You are preparing for the quantitative risk analysis process. The contract termination procedures in the organizational process assets. 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. OpenPM has never and will never compromise its integrity. Organizational process assets (OPAs) “are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization” (PMBOK Guide, 27). Isn’t it wise to use the template and alter it according to your project or create a new one?. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk A. So, one of the biggest threat is the IT (Yes, Information Technology) itself and business environment dependability on IT. These shall be accessible to the process implementers. 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. D. It can save a lot of time, effort, and cost on the new project. Processes and procedures for conducting work, and 2. Could you recommend us further readings? Since we live in an environment, it influences our behavior in a certain way.

which of the following are organizational process assets

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