which of the following are organizational process assets

I would like to understand from you what could be diffrent thoughts for the below scenario. An asset is something of value and the assets of a mature company are priceless. Close Project or Phase. 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? Choice 1 Historical information Choice 2 Government regulations Choice 3 Lessons learned They include formal and informal plans, policies, procedures, and guidelines. 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 … It Explanation. That is rather a totally different topic and may also be organization specific and so shall be based on their policies and procedures. https://quizlet.com/286530782/misy-4350-ch-4-mmmmmm-flash-cards #icon6288:hover{color:;background:;} #icon7102{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} Guaranteed. 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. Can be reached. 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. Therefore, Organizational Process Assets would include anything the organization has acquired that you can use in the management of the project. Organizational process assets updates are an output of this process, and Choice B represents such an update. These OPA’s include hard-assets like computer systems and programs, and the documents and forms that an organization uses. By uncertainties, you mean Risk or something else and where exactly are you pointing while referring to grey areas ? The organization process assets are collection of learning and artifacts which has been accumulated by the performing organization since they started working on projects. Welcome to the First OPEN Project Management Community. B. 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. Hello Amir Abbas, It is well understood that organizational structure and commercial database could be the Part of EEF. Project Statement of Work. These shall be accessible to the process implementers. Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specificto and used by the performing organization. Could you recommend us further readings? A. C. Commercial databases. Organizational culture and structure are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. answer choices Organizational process assets (OPAs) are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. 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 one of the following best describes the important categories of OPAs? It should also be ensured that these processes shall comply with the applicable standards, policies and models Organizational process assets enable consistent process performance across the organization and provide a basis for cumulative, long-term benefits to … PMI question 5924: Which of following could be organizational process assets?A. 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. Almost, every good organization keeps a database of all the information pertaining to the organization. They generally fall into two categories: Processes, guidelines, and procedures, such as: organizational standard processes, standardized guidelines, templates. #icon8069:hover{color:;background:;} #icon6288{font-size:20px;background:;padding:0px;border-radius:0px;color:#57ca85;} (b) A project gives some output. Over to you! 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. They are grouped into two categories: processes and procedures, and corporate knowledge base. I am a researcher, analyst, currently involved in writing a book and helping individual's achieve success in PMP Certification. An asset is something of value and the assets of a mature company are priceless. If there is something already in place, you do not need to create it again. It took a long time, human and economic resources to achieve them. -Existing formal and informal schedule development, management- and control-related policies, procedures, and guidelines; Question 12: Which of the following processes does not have Organizational Process Assets as an input? Perform Integrated Change Control. D.) Define Organizational knowledge bases, tools, and techniques OProcess… Developing the project charter b. Other assets include historical information on organizational structures that have worked in previous projects and organizational processes and policies. What is the ‘best mindset’ suited for dealing with uncertainities and grey areas in projects? 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 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. Hello Farbod, A. Regression analysis B. Bottom-up estimating C. Organizational process assets D. Enterprise environmental factors A company's A company's Which of the following choices is not an organizational process - ProProfs Discuss 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”. But how can be Resource availability be part of EEF? Causes for Variances. First, we should understand the word “environment” before we start to discuss enterprise environment factors. Which of the following is not an Organizational Process Assets Update. Organizational process assets (OPAs) influence the management of projects. B. Assets are any tangible/intangible items owned by a person or a company. The term organizational process assets (OPA) consists of three words: Organization is a group of people with vested interests. Organization infrastructureD. Which one of the following best describes the important categories of OPAs? This specific practice addresses contributing information from processes in the project’s defined process to organizational process assets. 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. the other choices are valid assets. A. In your construction project, a senior project manager has recommended you... Training Costs : 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. It’s the way things, elements, and humans are organized in a systematic way. D. Organizational Process Assets include the things that a company uses to conduct its business. Examples are organizational culture (choice A), existing human resources, such as skills and knowledge (choice B), and work authorization system (choice C). Organizational assets can be divided into two main types: tangible and intangible A project manager can use previously calculated risk analysis or daily wages etc. Could you tell me the factors that are contributing to the increasing vulnerability of organizational information assets? However, only some of the process assets are relevant to any given process. You are using organizational process assets to help you complete the quantitative risk analysis process. B. Apple’s assets are their design and manufacturing. Most tackle … Which of the following may not be included in the organizational process assets that Question 45 influence the Estimate Costs process? So, one of the biggest threat is the IT (Yes, Information Technology) itself and business environment dependability on IT. B.) Which of the following is also You are using organizational process assets to help you complete the quantitative risk analysis process. Hence every organization formulate certain processes, policies and procedure that could help achieve excellence in their projects. 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. Developing the preliminary project scope statement c. Developing the project management plan d. It took a long time, human and economic resources to achieve them. Organizational process assets are fundamental inputs to most of the project management processes. 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. PMP Exam and PMBOK: IS PMBOK Indispensable? Organizational Process Assets—Processes and Procedures There are two broad categories of OPAs: processes and procedures, and corporate knowledge base. You will use organizational process assets for risk databases that may be available from industry sources. It can save a lot of time, effort, and cost on the new project. Control Communications 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. We are looking for guidelines and best practices how to elaborate an OPA. It’s a synonym for practice, approach, procedure, method. Since we live in an environment, it influences our behavior in a certain way. Which one ofthe following isNOTa valid reason to utilize organizational process assets as a part of the quantitative risk A. Organizational process asset updates are an important output of the closing process of a project. Are you studying for the PMP certification? In your IT project, you have recently carried out Earned Value... Resource Optimization : The organizational process assets are typically grouped into two categories: 1. Organizational Process Assets include documentation that serves as an archive or repository of the company. (c) … 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. Faster. Perform Integrated Change Control. C. You will use organizational process assets to determine costs of all risks events within the current project. The processes and procedures include things like policies, document … Can this be institutionalized in an organization? Organizational Process Assets include documentation that serves as an archive or repository of the company. Which of the following is an example of an organizational process asset in this process? 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. Skillset can help you prepare! These documents are extremely useful in initiating or planning a new project. Which of the following is NOT an input into this process? You are preparing for the quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk A. Which of the following is not true? Select sellers-proposals, evaluation criteria, and organizational process assets are inputs to the select sellers process. 2. You will use organizational process assets for studies of similar projects by risk specialists. It is also understandable that Resource Availability cannot be an input while preparing schedule management plan, it could be an input for developing schedule. You are using organizational process assets to help you complete the quantitative risk analysis process. C. Commercial databases, such as standardized estimating data are enterprise environmental factors (EEFs) that can influence the Plan Schedule Management process. 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. Medical, research, tech, and other organizations. TRUE _____ involves working with stakeholders to create the document that formally authorizes a project. Let me know your feedback in the comments below. Which of the following best describes analogous estimating? some helpful…, Pass PMP Exam On First Try – Helpful Tips and Insights. Video Training. -Historical information and lessons learned repositories; Customer satisfaction is the focal point of almost every good organization. Intangible assets, also known as organizational capabilities are goods of a non-physical nature, such as: D. Assets include any or all price related assets, from any or all of the vendors involved in the project that … Which of the following is an output of Develop Project Charter process? Organizational process assets The Control Communications process involves sharing the project status reports and measurements with appropriate stakeholders. 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

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