ASSUMPTION MANAGEMENT Purpose Overview

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ASSUMPTION MANAGEMENT Page 1 ASSUMPTION MANAGEMENT Purpose To provide a procedure and associated guidelines to facilitate the MANAGEMENT of project-related assumptions made both before and during the project. Overview An ASSUMPTION can be defined as a statement of belief concerning the outcome of a future event, , they arise from an element of uncertainty. assumptions are factors that, initially for project planning purposes, are assumed to be true, real or certain. assumptions should be based as much on fact as is reasonably possible at the time that the ASSUMPTION is made. It is vital that areas of uncertainty are recorded and the accuracy of the ASSUMPTION is increased as more data becomes available. assumptions generally involve a degree of risk and thus may also be reflected in the Risk Log maintained in Risk MANAGEMENT phase.

Assumption Management Page 2 If during the project, any of these estimating assumptions prove to be invalid and impact the project plan, the Project Manager can use scope change mechanisms to revise the plan based on the new

  Management, Purpose, Assumptions, Assumption management purpose