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• *A factor in the planning process that is considered to be true, real, or certain without proof or demonstration.
• Are progressively elaborated (i.e., we have a high level understanding of assumptions in the early stages of the project, and they get better defined as project progresses).
• Need to be identified, documented, and validated.
• Involves risk – hence forms an integral component of Risk Management System.
Examples: ◦ Availability of human resources, ◦ Availability of resources with the desired qualifications, ◦ Assumptions about environment, economy, inflation, government policies, markets, technology, etc.
thanks for the invitation
And excellence in the answer and interest
Thanks for invitation -
Agree with your answer - Congratulation in advance !
Thanks for your kind approach.
What is mentioned is true for the projects in general and then there will be some project specific assumptions also.
Thank you for the invitation. I agree with the explanation.
Fully agree with the description of project assumptions as above. Further examples of project assumptions which induce risk are funds availability, exchange rate risk (for foreign purchase), delay in site handing over, quality deficiencies during execution of work (non conforming materials and work), materials shortages at delivery, etc
I agree with the given information. Thanks
Thanks for the invite. Project Management sure is interesting, hopefully one day I'll get some training in it.
Thanks for the information
With greetings
Project Assumption is how you define a project from the start until finish (end) this included time management, scheduling, work load and methodology to be use in the project
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Thanks for details and useful information
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