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2 - ORGANIZATIONAL INFLUENCES AND PROJECT LIFE CYCLE

2.1.4 organizational Process Assets

Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific
to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of 2
the organizations involved in the project that can be used to perform or govern the project. These process assets
include formal and informal plans, processes, policies, procedures, and knowledge bases, specific to and used by the
performing organization. The process assets also include the organization’s knowledge bases such as lessons learned
and historical information. Organizational process assets may include completed schedules, risk data, and earned
value data. Organizational process assets are inputs to most planning processes. Throughout the project, the project
team members may update and add to the organizational process assets as necessary. Organizational process assets
may be grouped into two categories: (1) processes and procedures, and (2) corporate knowledge base.

2.1.4.1 Processes and Procedures

The organization’s processes and procedures for conducting project work include, but are not limited to:

• Initiating and Planning:
○ Guidelines and criteria for tailoring the organization’s set of standard processes and procedures
to satisfy the specific needs of the project;
○ Specific organizational standards such as policies (e.g., human resources policies, health and
safety policies, ethics policies, and project management policies), product and project life cycles,
and quality policies and procedures (e.g., process audits, improvement targets, checklists, and
standardized process definitions for use in the organization); and
○ Templates (e.g., risk register, work breakdown structure, project schedule network diagram, and
contract templates).
• Executing, Monitoring and Controlling:

○ Change control procedures, including the steps by which performing organization standards,
policies, plans, and procedures or any project documents will be modified, and how any changes
will be approved and validated;
○ Financial controls procedures (e.g., time reporting, required expenditure and disbursement
reviews, accounting codes, and standard contract provisions);
○ Issue and defect management procedures defining issue and defect controls, issue and defect
identification and resolution, and action item tracking;

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