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Your company or organization has, or should have, lots of organizational process assets. As a project manager, you will be adding to the asset pool of your organization as you submit various forms and reports. These assets can be used to influence your projects success. The organizations knowledge base grows as it accumulates more of these process assets. The following is a list of possible organizational process assets. It is not all inclusive, but is put forth as an example of what should be included and what can be used as organizational process assets.
⚫ Organizational process standards and policies, including health, safety, ethics, and project management standards and policies.
⚫ Standardized work and instructions guidelines, proposals, evaluations, criteria for proposals and evaluations.
⚫ Templates, work breakdown structures, project schedules, schedule network diagrams, standardized forms, and reports.
⚫ Criteria for the organizations standard processes.
⚫ Communications requirements, including standards for technology, media, data retention and security.
⚫ Guidelines for project closure, audits, evaluations, acceptance criteria, etc.
⚫ Financial controls, reporting times, expenditure and disbursement information, accounting codes, contract provisions.
⚫ Issue and defect management processes.
⚫ Change control procedures.
⚫ Risk management procedures, including risk analysis and impact reports.
⚫ Process measurement databases and measurement data.
⚫ Project files, scope, cost, schedule, performance, project plans, reports, calendars, risk registers, risk response planning, etc.
⚫ Historical information, lessons learned, documentation, decision criteria.
⚫ Configuration management databases, data, and resources.
Organizational process assets can be used from previous projects to aid in planning and estimating both cost and schedule of current projects. Documentation from past related projects can help identify additional risks and add clarity to suppositions and assumptions. As the project manager, you must add to these valuable resources that will be important on your project and for those projects that come after yours.
If you have any Project Management questions or questions about the PMP exam, leave them as a comment, and I will try to answer the questions.
Elroy King
If you want to pass the PMP exam, you are going to have to learn to understand the Project Management terms the way the PMI knows them. Rita Mulcahy, a prominent PMP and Project Management author, explains that 50% of those that fail the PMP exam fail it because they have not had project management training that uses PMI terminology. The bottom line, you need to see the terms the way the PMI sees them to pass the PMP exam. About the only way to get that knowledge is through some PMI approved training.
Now you have a number of options:
You can attend a 4-7 day training course held by MosaicProjects or GlobalKnowledge. The rates vary, but will cost between $1500 and $2000. The actual number of contact hours awarded from the class depends on the number of classroom hours you attend, but they vary between 21 and 25.
There are some online classes Point Advantage, Online Training or Simplilearn online training. Either one will cost between $699 and $999.
However, the very best value will be the The PM-Prepcast.
The PM-Prepcast gives you:
38 hours of PMI approved PMP training in a podcast.
35 contact hours recognized by the PMI.
Exclusive tips and tricks for taking the PMP exam.
Sample test questions and more. For a one time fee of about $99.
Check out the PM-Prepcast and start preparing for the PMP exam in the PMI way today!.
If you are preparing for the PMP exam, get your FREE PMP handbook, to guide your PMP exam preparation.
You really can be ready for the PMP Exam with help from PM ExamReady.com. It is THE place to get ready for the PMP Exam.
Don’t crash and burn on the PMP exam. Get prepared with the PMP Exam Simulation Software. 6000 unique PMP questions for less than most PMP exam prep texts.
Know those difficult PMI-isms when you sit for the PMP exam, by learning these Project Management Terms
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could you share with outline, how to make the Organizational Process Assets Document? thank you
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