Almost, every good organization keeps a database of all the information pertaining to the organization.
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.
That is rather a totally different topic and may also be organization specific and so shall be based on their policies and procedures.
In this blog post, we will look into and answer some of the general questions related to Organizational Process Assets.
Organizational Process Assets
Customer satisfaction is the focal point of almost every good organization.
Hence every organization formulate certain processes, policies and procedure that could help achieve excellence in their projects.
e.g: Many organizations may have set certain process assets as a standard for a specific work unit or operation to be performed, and those process assets could be part of Organizational Process Assets.
These assets could be modified and tailored according to the needs of the project, regardless of whether those assets are newly created or modified or are part of an on going standard policy.
What is Organizational Process Assets
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.
So Organizational Process Assets may include but not limited to all the documents, templates, policies, procedures, plans, guidelines, lesson learned, historical data and information, earned value, estimating, risk etc.
Importance of Organizational Process Assets
There is a famous saying;
“Why re-invent the wheel”.
The saying is quite self explanatory.
If there is something already in place, you do not need to create it again.
e.g: If your organization have already a template of a project management plan from exactly the same kind of project that they have done a while back.
Is it wise to use the template and alter it according to your project or create a new one?.
The project manager and project management team extensively use Organizational Process Assets for the success of the project.
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.
image credit: ifindkarma