Organizational culture and structure are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. Question 12: Which of the following processes does not have Organizational Process Assets as an input? Organizational process assets (OPAs) “are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization” (PMBOK Guide, 27). If there is something already in place, you do not need to create it again. Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned Choice 4 Cost estimating policies Which of the following is also ITIL vs PRINCE2 vs PMP: What They Offer and Which One is Better? The process can be seen everywhere from manufacturing to nature. That is rather a totally different topic and may also be organization specific and so shall be based on their policies and procedures. Organization infrastructureD. So, Businesses inter-connectivity, inter-dependability, specifically mentioning wireless network connectivity exposes organization and it’s employes to the world of untrusted networks. Which of the following is an example of an organizational process asset in this process? You are using organizational process assets to help you complete the quantitative risk analysis process. Medical, research, tech, and other organizations. standardized stakeholder list is not a valid organizational process asset used in the plan resource management process. Before we define it; Let’s dig deep for a better understanding. D. Lessons learned repositories. PMI question 5924: Which of following could be organizational process assets?A. Escaped early from an endless career in Telecommunication, to explore the beautiful world around. 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. Cost Performance Index : PMBOK further breaks OPAs down into (1 (a) Every project is unique. Few of them are as follows; (Source: PMBOK 5th Edition) Financial related databases (costing, budgeting, profits, cost overruns, hourly rates, labor hours / rates, etc…) The organization process assets are collection of learning and artifacts which has been accumulated by the performing organization since they started working on projects. Similarly an org a nization has assets in terms of process policies and knowledge base which becomes mature with the time. 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. “the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization”. Which of the following is also a key organizational process asset that must be considered during this process? C. You will use organizational process assets to determine costs of all risks events within the current project. Organization invests in … Organizational process assets (OPAs) are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. C.) Collect Requirements. So Organizational Process Assets may include but not limited to: According to PMBOK; The definition of Organizational Process Assets are: In your IT development project, training courses will take place soon in order to... Work Assigned in the Project : TRUE _____ involves working with stakeholders to create the document that formally authorizes a project. An organizational process asset is consist of procedures and processes that greatly contribute to the company’s work. Organizational process assets include any of the organization’s process assets that may be used to ensure project success. It could be a person, valuable item or thing or something useful and effective. Let me know your feedback in the comments below. 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 Please respond here or email me on [email protected], I want to clear out my doubt. Can this be institutionalized in an organization? C. Commercial databases. Organizational Process Assets include documentation that serves as an archive or repository of the company. 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 … 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. Tangible assets, also known as organizational resources, have a physical form such as raw materials for products, machines, infrastructure, or money. Which of the following is not true? Which of the following best describes analogous estimating? Project Charter. Team resource availability. Which one of the following best describes the important categories of OPAs? While preparing your schedule management plan, you are considering organizational process assets (OPAs) that could influence this process. #icon8069:hover{color:;background:;} #icon6288{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} Developing the project charter b. 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. 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. They include formal and informal plans, policies, procedures, and guidelines. B. Few project managers collect lessons-learned information throughout the project’s life. (c) … Specific steps or chain of events or series of actions/changes necessary to obtain particular results. The key elements of the organizational process assets utilized during this process are organizational communication requirements, issue management procedures and the change control procedures. Historical informationB. It is also understandable that Resource Availability cannot be an input while preparing schedule management plan, it could be an input for developing schedule. Organizational process assets can be customized according to their suitability and they make the project management team’s life much more comfortable. #icon6288:hover{color:;background:;} #icon7102{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} 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. -Templates and forms; and -Monitoring and reporting tools. We are looking for guidelines and best practices how to elaborate an OPA. B. An organizational process asset is consist of procedures and processes that greatly contribute to the company’s work. These projects, once delivered, will add to the organization’s overall performance but will not contribute to any of the revenue streams. It is important to note that organizational process assets always support the project team, while enterprise environmental factors can help or hinder. Sign up for your free Skillset account and take the first steps towards your certification. 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. Organizational Process Assets—Processes and Procedures There are two broad categories of OPAs: processes and procedures, and corporate knowledge base. A project manager can use existing project management templates from previous projects conducted by the organization. Most tackle … OPA is an important concept and is critical to project success for both new and experienced project managers. 2. Organizational process assets enable consistent process performance across the organization and provide a basis for cumulative, long-term benefits to … Welcome to the First OPEN Project Management Community. It should also be ensured that these processes shall comply with the applicable standards, policies and models The organizational process assets (OPAs) that can influence the Plan Schedule Management process include but are not limited to: Sorry, your blog cannot share posts by email. These documents are extremely useful in initiating or planning a new project. They are grouped into two categories: processes and procedures, and corporate knowledge base. Processes and procedures for conducting work, and 2. With the establishment of a PMO in an organization, employees are adopting project management jargon. The processes and procedures include things like policies, document … Which of the following may not be included in the organizational process assets that Question 45 influence the Estimate Costs process? B.) Which of the following is an output of Develop Project Charter process? A company's organizational structure and culture;-a companys organizational structure and culture is not an organizational process asset. Which of the following A company's A company's Which of the following choices is not an organizational process - ProProfs Discuss 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? You are using organizational process assets to help you complete the quantitative risk analysis process. You are preparing for the quantitative risk analysis process. a. 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. 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. They include any artifact, practice, or … Well, there could me many factors, but I’ll touch on only factor and we can discuss it further if you are interested. 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 An asset is something of value and the assets of a mature company are priceless. OpenPM has never and will never compromise its integrity. Therefore, right answer is D. [PMBOK 6th edition, Page 180] [Project Schedule Management]. PMP Exam and PMBOK: IS PMBOK Indispensable? By uncertainties, you mean Risk or something else and where exactly are you pointing while referring to grey areas ? Organizational knowledge bases, tools, and techniques OProcess… In your IT project, you have recently carried out Earned Value... Resource Optimization : You are using organizational process assets to help you complete the quantitative risk analysis process. Organizational assets can be divided into two main types: tangible and intangible Explanation. 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. Which of the following is not an Organizational Process Assets Update. It’s a systematic series of natural, chemical, programming, mechanical operations performed to achieve the end product. Organizational process asset updates are an important output of the closing process of a project. You will use organizational process assets for risk databases that may be available from industry sources. These shall be accessible to the process implementers. The contract termination procedures in the organizational process assets. ID 1018 which of the following is a hierarchical representation of project risks. Isn’t it wise to use the template and alter it according to your project or create a new one?. We are living in a dangerous world. Guaranteed. Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned It took a long time, human and economic resources to achieve them. 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 … Organizational knowledge bases, tools, and techniques OProcesses, policies, procedures, tools, and techniques. (b) A project gives some output. 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. Organizational process assets (OPAs) influence the management of projects. Since we live in an environment, it influences our behavior in a certain way. C. Commercial databases, such as standardized estimating data are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. 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. 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. Exam Readiness Know when you’re ready for the high-stakes exam. It’s a synonym for belongings, goods, valuables, strength. Over to you! What is the ‘best mindset’ suited for dealing with uncertainities and grey areas in projects? 10 Project Integration Management is the responsibility of: Video Training. 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. Assets are any tangible/intangible items owned by a person or a company. Which of the following may not be included in the organizational process assets that Question 45 influence the Estimate Costs process? Can be reached. Intangible assets, also known as organizational capabilities are goods of a non-physical nature, such as: the other choices are valid assets. The key elements of the organizational process assets utilized during this process are organizational communication requirements, issue management procedures and the change control procedures. The following are all inputs to the Develop Project Charter process except: A. PMP Lessons Learned: before, during, and after the daunting Exam, Difference Between Standard and Methodology. Corrective actions chosen and reasons. Organizational Process Assets include the things that a company uses to conduct its business. D. When organizations perform projects; It collects data, information, reports, analysis, research, lesson learned, create templates, and combine all these documents in organizational repository. Organizational process assets is an input into the create WBS process. Customer satisfaction is the focal point of almost every good organization. The project manager and project management team extensively use Organizational Process Assets for the success of the project. Perform Integrated Change Control. They generally fall into two categories: Processes, guidelines, and procedures, such as: organizational standard processes, standardized guidelines, templates. Processes and associated artefacts required for organization shall be identified and developed and maintain at organizational level. You are using organizational process assets to help you complete the quantitative risk analysis process. Business processes are organizational assets too. These are fulfilled by the project’s team members in order to meet the needs and deadlines of a certain project. Therefore, Organizational Process Assets would include anything the organization has acquired that you can use in the management of the project. 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; After the kick-off meeting of your project, you believe that some... © 2020 - All Rights Reserved - Nonica - WoW, That’s a nice question and probably a topic well worth to write a case study. A. Regression analysis B. Bottom-up estimating C. Organizational process assets D. Enterprise environmental factors The PMBOK® Guide helpfully breaks the OPAs down into which process group they are being used for: initiating, planning, executing, monitoring & controlling, and closing. Post was not sent - check your email addresses! Process Asset in an organization plays an… Organizational process assets (OPAs) influence the management of projects. It’s the way things, elements, and humans are organized in a systematic way. B. https://quizlet.com/286530782/misy-4350-ch-4-mmmmmm-flash-cards -Historical information and lessons learned repositories; In your construction project, a senior project manager has recommended you... Training Costs : Love PMP. A. B. Lessons Learned from Project Cost Control. 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 risk A. Organizational process assets are an input/output to PMBOK processes but it’s an important tool for project management. 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”. Close Project or Phase. some helpful…, Pass PMP Exam On First Try – Helpful Tips and Insights. D.) Define Industry standardsC. -Existing formal and informal schedule development, management- and control-related policies, procedures, and guidelines; Hello Farbod, Are you studying for the PMP certification? It’s a synonym for practice, approach, procedure, method. You will use organizational process assets for studies of similar projects by risk specialists. Which of the following is NOT an input into this process? 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. An asset is something of value and the assets of a mature company are priceless. ... EEF (Enterprise Environmental Factors) E. OPA (Organizational Process Assets) F. Preliminary Scope Statement. 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. So, one of the biggest threat is the IT (Yes, Information Technology) itself and business environment dependability on IT. 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. These are very important for the planning stage, irrespective of the nature of the project. Resources availability are shown in resources calendars and they’re part of OPA. Organizational Process Assets include documentation that serves as an archive or repository of the company. A.) Skillset can help you prepare! The organizational process assets are typically grouped into two categories: 1. Project Statement of Work. These OPA’s include hard-assets like computer systems and programs, and the documents and forms that an organization uses. Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specificto and used by the performing organization. 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. Close Project or Phase. Q10. Which one ofthe following isNOTa valid reason to utilize organizational process assets as a part of the quantitative risk A. The organizational process assets are described in section 2.1.4 of the PMBOK, 5th edition. Other assets include historical information on organizational structures that have worked in previous projects and organizational processes and policies. 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. 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. However, only some of the process assets are relevant to any given process. Could you recommend us further readings? Learn how your comment data is processed. Organizational process assets The Control Communications process involves sharing the project status reports and measurements with appropriate stakeholders. You are using a previous similar project to predict the costs of the current project. Organizational structure. Hello Amir Abbas, I am on the move, will recommend later. For instance… Organization is a broad term, but since we are discussing it for project and project management, we will limit it to human-created bodies. I would like to understand from you what could be diffrent thoughts for the below scenario. Refer to the Organizational Process Focus (OPF) (CMMI-DEV) process area for more information about incorporating experiences into organizational process assets. Organizational process assets are fundamental inputs to most of the project management processes. It’s a synonym for federation, company, body, composition, association. 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 are inputs needed by a company’s project management processes. The project management office (PMO) is normally responsible to store and share these assets and information with project managers. I am a researcher, analyst, currently involved in writing a book and helping individual's achieve success in PMP Certification. Organizational Process Assets are the documentation that is related to the CMMI Implementation in a CMMI Compliant Organization. Organizational Process Assets are the Plans, processes procedures, and knowledge bases that are specific to and used by the performing organization. This site uses Akismet to reduce spam. 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. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk A. 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. 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. D. Standardized stakeholders list D - Standardized stakeholder list is not a valid asset used in the Develop Human Plan process. 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. #icon8069{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} D. Assets include any or all price related assets, from any or all of the vendors involved in the project that … But how can be Resource availability be part of EEF? Organizational knowledge bases, processes, policies, and procedures. One way of looking at OPA’s are: It acts as a bridge of knowledge and experience of the past projects, helping the present project and forwarding these assets to future projects. Could you tell me the factors that are contributing to the increasing vulnerability of organizational information assets? other assets include historical information on organizational structures that have worked in previous projects … Which one of the following best describes the important categories of OPAs? A. You can define the environment as anything that is related to the natural world and the impact of human activity or its condition, or the culture that an individual lives in, and the people and institutions with whom they interact (Wikipedia). Select sellers-proposals, evaluation criteria, and organizational process assets are inputs to the select sellers process.

which of the following are organizational process assets

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