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" Assumption log"

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Aqeel Khan
While developing project charter what is the purpose of assumption log which is output of this activity?
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Aqeel -

Projects possess greater uncertainty than operational activities. To enable us to proceed with delivering a project, stakeholders will make assumptions about those uncertainties. Capturing and communicating those assumptions over the life of a project is important as if one or more of the assumptions made is proven to be incorrect, it could impact the project's success. This is why
assumptions analysis is a valuable tool for identifying risks.

Additionally, when reviewing plans, stakeholders will want to review the assumptions made to understand the thought process behind the plans.

Kiron
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1 reply by Aqeel Khan
Sep 27, 2023 9:56 PM
Aqeel Khan
...
Thank you very much.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
In line with @Kiron, the key thing is: assumptions are source of risks. Is a key item to validate with clients/customers because those are the things that have to be ready to get the objective.
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Keith Novak Tukwila, Wa, United States
Just to add a bit, when decisions are made based on assumptions, sometimes those assumptions later prove to be wrong. That can have a negative or positive impact on the project, but by having them documented it helps identify potential changes to prior decisions and plans.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Aqeel

My thoughts are in-line with Kiron's. At the beginning of every project, there is always a set of assumption that we make and based on those assumption, we do our estimates, scheduling and risk assessment.

Throughout the project, we keep revisiting those assumptions frequently to ensure they still stand true because if any assumption proved to be wrong, then immediate action should be taken for course correction.

RK
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1 reply by Aqeel Khan
Sep 27, 2023 9:57 PM
Aqeel Khan
...
Thank you very much.
avatar
Aqeel Khan
Sep 26, 2023 7:33 AM
Replying to Kiron Bondale
...
Aqeel -

Projects possess greater uncertainty than operational activities. To enable us to proceed with delivering a project, stakeholders will make assumptions about those uncertainties. Capturing and communicating those assumptions over the life of a project is important as if one or more of the assumptions made is proven to be incorrect, it could impact the project's success. This is why
assumptions analysis is a valuable tool for identifying risks.

Additionally, when reviewing plans, stakeholders will want to review the assumptions made to understand the thought process behind the plans.

Kiron
Thank you very much.
avatar
Aqeel Khan
Sep 26, 2023 2:32 PM
Replying to Rami Kaibni
...
Aqeel

My thoughts are in-line with Kiron's. At the beginning of every project, there is always a set of assumption that we make and based on those assumption, we do our estimates, scheduling and risk assessment.

Throughout the project, we keep revisiting those assumptions frequently to ensure they still stand true because if any assumption proved to be wrong, then immediate action should be taken for course correction.

RK
Thank you very much.

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