Tuesday, February 21, 2012

Assumptions Analysis

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Assumptions analysis is one of the tools and techniques of Identify Risks process. This analysis explores the validity of all the assumptions that are identified and documented during the project planning processes.

Assumptions Analysis to Identify Risks

Assumptions analysis identifies risks to the project from inaccuracy, instability, inconsistency or incompleteness of assumptions. It is preferable to have the assumptions accurate, complete and consistent; but, in practice, it is not always possible. So, it is important for the project management team to review the justification or strength or support of the assumptions made. The risks are directly proportional to the consequences or the impacts to the project objectives if the assumption turns out to be wrong.

2 comments:

  1. To manage the risk successfully one should have PMP in their projects .With high competition, companies have to develop products fast and innovatively always adding value and greater customer satisfaction. In a project , it is important to learn and practice its basic principles which collectively and naturally help in effective management of risk. As a project manager i follow PMBOK guide from PMI ,and got the PMP Certification from PMSTUDY.

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  2. When you are PMP Certified you will be able to handle the risk and challenges in your career and may provide the best services to your company. this will also provide benefit to yourself also.you may check benefits of PMPCertification

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