As mentioned, the organizational process assets consist of what the company has acquired over time and are therefore very valuable especially considering project planning. Documents, policies or procedures that are part of the organizational process assets are used as input for most planning processes.
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Organizational process assets are an input/output to PMBOK processes but it’s an important tool for project management. Before we define it; Let’s dig deep for a better understanding.
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 information recording. This term is defined in the 3rd and the 4th edition of the PMBOK.
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. What are Organizational Process Assets?
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.
Human Resources will establish what resources will be available for your project as well as ethical guidelines, while Procurement will be tasked with handling the purchasing for the project .
Organizational Process Assets or OPAs will serve as a Project Manager’s best friend on any project. OPAs comprise of information, tools, documents, or knowledge that your organization possesses. Assets are a useful or valuable thing, person, or quality.
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