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Informative Article | Management | India | Volume 10 Issue 2, February 2021
Assumptions: Why are they Important in Project Management
Abstract: In project management, assumptions are statements or factors that are true, real, or certain for planning purposes, even though they may not be confirmed or guaranteed. Assumptions are essential for developing project plans, estimating timelines, and making decisions, but they come with a level of uncertainty. Assumptions are hypotheses or suppositions about conditions, events, or uncertainties that affect the project. Assumptions in your study are somewhat out of your control, but if they disappear your study would become irrelevant.[1]. They are often based on incomplete information or future events that are beyond the project manager's control. In this paper, we will understand the impact of assumptions on project planning, quantify the degree of assumptions, and how they will impact on project plan. The article also provides a real-life example of how the assumptions can be tracked effectively during project planning and project execution. Assumptions can be dangerous if they are not evaluated correctly with the correct degree of measure. Almost every project is initiated with some basic assumptions, which potentially decide the direction of the project. Based on my experience, in project management, unfortunately, assumptions are overlooked for their importance. A project can fail or will unrest if the assumptions are not taken into consideration from time to time. This paper also explains the technique to deal with project assumptions.
Keywords: Project Management, Assumptions, Project plan, WBS, ACDL
Edition: Volume 10 Issue 2, February 2021,
Pages: 1724 - 1727