Most business analysis is highly interrelated and influenced by two aspects, namely Enterprise Environmental Factors (EEF) and Organization Process Assets (OPA). In this video, we will first find out more about what Organization Process Asset (OPA)
Organizational Process Assets are “the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. ”
Organizational Process Assets or OPAs will serve as a Project Manager’s best friend on any project. OPAs comprise of information, tools, documents, or knowledge that your organization possesses. Assets are a useful or valuable thing, person, or quality.
Most organizations have developed a range of templates, contracts, registers, and assessment tools to assist the management of their projects. Organizations have also acquired knowledge in the form of lessons learned—and the organization’s knowledge base that can be very useful.
Therefore, Organizational Process Assets would include anything the organization has acquired that you can use in the management of the project. They include formal and informal plans, policies, procedures, and guidelines. These are very important for the planning stage, irrespective of the nature of the project. Whether your project is long-term or short-term, OPAs are a must.
There are three categories of organization process asset; 1) Processes, Policies, and Procedures; 2) Corporate Knowledge Base; 3) Team and SME Knowledge.
Here’s a list of common OPAs:
For Processes, policies and procedures, there are 13 examples on this category
Guidelines and Criteria
Organizational Standards
Procedures
Risk Management Template
Standardized Guidelines
Project Closure Requirements
Project Life Cycles
Templates
Change Control Methods
Requirements Management Tool
Financial Control
Issues and Defect Management Procedures
Organizational Communication Requirements
For corporate base knowledge, there are 5 examples for this group:
Business Knowledge
The archive on business knowledge may store all information related to the delivered products and documents. This may either be locally shared, enterprise-wide, product-specific, product requirements, or product models.
Configuration Management Knowledge
This repository will store every information about the software or hardware components that have been used in business operations within an organization. It also includes the baselines of every organizational standards, policies, protocols, and method utilized in the organization.
History Projects Knowledge
This archive keeps all the documents from previous projects or products done in the organization. The examples are the business analysis, performance record, project closure information, results, decisions, risks, and any other significant information recorded about the projects done in the past.
Issue and Defect Management Data
Every past projects’ issues, defects, status, control information, solutions, and actions are stored in this type of repository. In some organizations, they separate the information on issues and defects. This may vary depending on the preferences of an organization.
Data for Metrics
This archive includes metrics that are utilized when collecting indicators and measurements of a certain business project or product.
the last category is team and Subject matter expert knowledge,
Subject matter expert refers to the person who has high expertise and knowledge on a particular subject or area. In developing business analysis, you may receive a lot of valuable insights from subject matter expert. They may be able to provide information and expectations regarding the project you are working at. Subject matter experts may consist of senior employees, long-time members of the development team, or anyone with advanced qualifications on the related topic.
assets may come in different forms. Not only in written form, but a person in an organization himself is a valuable asset in providing good knowledge about the project.
To conclude, organizational process asset (OPA) refers to all the information that could be found in an organization’s documentation. This helps to ease the management and processes of a project. Finding related insights from existing records may provide valuable insights to ensure the success of a project. Aside from smoothening the process and project management, it acts as a fundamental record of one organization equivalent to the organization’s repository.
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