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#Pmp meaning series

Hence every organization formulate certain processes, policies and procedure that could help achieve excellence in their projects.Į.g: Many organizations has set certain process assets as a standard for a specific work unit or operation to be performed, and these process assets can be part of Organizational Process Assets. That is rather a totally different topic and may also be organization specific and so shall be based on their policies and procedures.Ĭustomer satisfaction is the focal point of almost every good 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.

China’s assets are their skilled labor.Īlmost, every good organization keeps a database of all the information pertaining to the organization.

Apple’s assets are their design and manufacturing.

It’s a synonym for belongings, goods, valuables, strength. It could be a person, valuable item or thing or something useful and effective.

The process can be seen everywhere from manufacturing to nature.Īssets are any tangible/intangible items owned by a person or a company. It’s a synonym for practice, approach, procedure, method.

#Pmp meaning series

It’s a systematic series of natural, chemical, programming, mechanical operations performed to achieve the end product. Specific steps or chain of events or series of actions/changes necessary to obtain particular results.

Medical, research, tech, and other organizations.

Organization is a broad term, but since we are discussing it for project and project management, we will limit it to human-created bodies. It’s a synonym for federation, company, body, composition, association. It’s the way things, elements, and humans are organized in a systematic way.

Organization is a group of people with vested interests. The term organizational process assets (OPA) consists of three words: Organizational process assets are an input/output to PMBOK processes but it’s an important tool for project management.īefore we define it Let’s dig deep for a better understanding.