Practice Quiz

CAPM Project Management Exam Prep

Category - CAPM

Start a Study Session Sign up for Question of the Day
Rick was in the middle of his procurement management process when he realized he was missing organizational process assets. Which is an example of an organizational process asset?
  1. Project scope statement
  2. Risk register
  3. Current contracts
  4. Lessons learned from prior projects
  5. All of the above
Explanation
Answer: D - Rick was missing lessons learned from prior projects. Organizational process assets are processes, documents and information from other projects that can aid in future projects. Other examples of organizational assets are existing organization procedures and contracts templates (or past contracts).

Risk register, current contracts and the project scope statement are all additional items needed in the procurement management process but are not part of this asset group.

Key Take Away: Project Managers should realize the benefit of organizational assets and fold them into their process more; that is, if they can find them. They are often poorly maintained and hard to find!
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz