What are Organizational Process Assets?

Organizational Process Assets in project management are analogous to a library stocked with books and resources in that they represent a treasure trove of your company’s experiences, templates, policies, and any relevant knowledge or tools accumulated over time. This includes everything your business has learnt from previous projects, such as historical data, lessons learned, procedures, regulations, and templates that may be used to guide and enhance current and future initiatives. They’re like your company’s hidden vault of tools and expertise that you can utilize to improve, accelerate, and streamline your present project based on what has previously done effectively. These assets serve as a significant resource bank, providing direction and assistance for project management.