Which term represents assets and knowledge within an organization that can be used on projects?

Which term represents assets and knowledge within an organization that can be used on projects?

• A. External Conditions
• B. Process Assets
• C. Product Assets
• D. Market Factors

Answer: (B)

Organizational process assets are internal assets and knowledge the organization can draw on to plan, execute, and complete projects. They include templates and standard forms, guidelines and policies, procedures for things like change control and risk management, and repositories of historical data, lessons learned, and best practices. Because these are already established within the organization, teams can reuse proven approaches to improve efficiency, consistency, and outcomes. The other terms point to things outside the organization or to the product itself rather than the organization’s own processes and knowledge used on projects. External conditions are factors in the environment outside the organization; market factors describe external market influences; product assets relate to the product rather than the organization’s process knowledge.

Organizational process assets are internal assets and knowledge the organization can draw on to plan, execute, and complete projects. They include templates and standard forms, guidelines and policies, procedures for things like change control and risk management, and repositories of historical data, lessons learned, and best practices. Because these are already established within the organization, teams can reuse proven approaches to improve efficiency, consistency, and outcomes. The other terms point to things outside the organization or to the product itself rather than the organization’s own processes and knowledge used on projects. External conditions are factors in the environment outside the organization; market factors describe external market influences; product assets relate to the product rather than the organization’s process knowledge.