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Organizational process assets (OPA)Organizational process assets (OPA)Project Management Body of Knowledge PMBOK® Guide defines Organizational process assets (OPA) as the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. The definition says assets are useful and have value to meet commitments or bequests. The organization has assets i.e. plans, policies, procedures, etc. which help in achieving their objectives. Organizational process assets are divided into two categories
The Organizational Process and Procedures are for conducting project work and includes
Corporate Information Repositories is used for storing and retrieving information and includes
The assets in the second category are updated continuously throughout the project life cycle. For e.g. Lessons Learned, Financial Performance, etc. are continuously updated throughout the project. Organizational Process Assets mentioned above have common aspects i.e. they are lessons learned from the past, Company engaged in various projects gains more assets during each time. Organization Process Assets save time by reusing what is available. In project management, it is famous saying that "why to reinvent the wheel", which says if you already have the stuff available it should not be created again. for e.g. If a project manager receives a project for time estimation, it is better he should consult the previous project estimations then to re-invent the wheel. Analogous estimation helps the project manager to quickly provide estimations. Today's projects are going to be history tomorrow. It is the responsibility of project team members to add and/or update the organizational process assets throughout the project life cycle. Updating/Adding organizational process assets throughout the project life cycle will help the organization to make the project management team's life easier. |