The acronym 'SOP' stands for Standard Operating Procedure. In technology process management, SOPs provide detailed, written instructions designed to guide team members through routine operations. They enhance consistency and quality by ensuring that everyone follows the same practices when executing tasks. SOPs are crucial for compliance with regulations and standards, as they document workflows and responsibilities. Additionally, having clear SOPs can improve training for new employees, facilitate smoother onboarding, and promote efficiency by reducing variability in task execution.